FWP 1 n4299_x3-a1.htm FWP
    FREE WRITING PROSPECTUS
    FILED PURSUANT TO RULE 433
    REGISTRATION FILE NO.: 333-260277-06
     

 

Benchmark 2024-V8
 
The depositor has filed a registration statement (including the prospectus) with the Securities and Exchange Commission (File No. 333-260277) for the offering to which this communication relates.  Before you invest, you should read the prospectus in the registration statement and other documents the depositor has filed with the Securities and Exchange Commission for more complete information about the depositor, the issuing entity and this offering.  You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov.  Alternatively, the depositor or Deutsche Bank Securities Inc., any other underwriter, or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling toll-free 1-800-503-4611 or by emailing: prospectus.cpdg@db.com. The offered certificates referred to in these materials, and the asset pool backing them, are subject to modification or revision (including the possibility that one or more classes of certificates may be split, combined or eliminated at any time prior to issuance or availability of a final prospectus) and are offered on a “when, as and if issued” basis.  You understand that, when you are considering the purchase of these certificates, a contract of sale will come into being no sooner than the date on which the relevant class has been priced and we have verified the allocation of certificates to be made to you; any “indications of interest” expressed by you, and any “soft circles” generated by us, will not create binding contractual obligations for you or us.
This free writing prospectus does not contain all information that is required to be included in the prospectus.
 
STATEMENT REGARDING ASSUMPTIONS AS TO SECURITIES, PRICING ESTIMATES AND OTHER INFORMATION
 
This material is for your information, and none of Deutsche Bank Securities Inc., Citigroup Global Markets Inc., Barclays Capital Inc., BMO Capital Markets Corp., Goldman Sachs & Co. LLC, AmeriVet Securities, Inc., Drexel Hamilton, LLC or any other underwriter, (collectively, the “Underwriters”) are soliciting any action based upon it.  This material is not to be construed as an offer to sell or the solicitation of any offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal.
 
Neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever. The information contained herein is preliminary as of the date hereof. These materials are subject to change, completion or amendment from time to time.  The information contained herein will be superseded by similar information delivered to you as part of the preliminary prospectus relating to the Benchmark 2024-V8 Mortgage Trust Commercial Mortgage Pass-Through Certificates, Series 2024-V8 (the "Offering Document").  The information contained herein supersedes any such information previously delivered and should be reviewed only in conjunction with the entire Offering Document. All of the information contained herein is subject to the same limitations and qualifications contained in the Offering Document.  The information contained herein does not contain all relevant information relating to the underlying mortgage loans or mortgaged properties. Such information is described elsewhere in the Offering Document.  The information contained herein will be more fully described elsewhere in the Offering Document.  The information contained herein should not be viewed as projections, forecasts, predictions or opinions with respect to value.  Prior to making any investment decision, prospective investors are strongly urged to read the Offering Document its entirety. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this free writing prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
 
The attached information contains certain tables and other statistical analyses (the “Computational Materials”) which have been prepared in reliance upon information furnished by the Mortgage Loan Sellers.  Numerous assumptions were used in preparing the Computational Materials, which may or may not be reflected herein.  As such, no assurance can be given as to the Computational Materials’ accuracy, appropriateness or completeness in any particular context; or as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance.  The Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. You should consult your own counsel, accountant and other advisors as to the legal, tax, business, financial and related aspects of a purchase of these securities.  Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment and/or loss assumptions, and changes in such prepayment and/or loss assumptions may dramatically affect such weighted average lives, yields and principal payment periods.  In addition, it is possible that prepayments or losses on the underlying assets will occur at rates higher or lower than the rates shown in the attached Computational Materials.  The specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the final underlying assets and the preliminary underlying assets used in preparing the Computational Materials.  The principal amount and designation of any security described in the Computational Materials are subject to change prior to issuance. None of Underwriters or any of their respective affiliates makes any representation or warranty as to the actual rate or timing of payments or losses on any of the underlying assets or the payments or yield on the securities.
 
This document contains forward-looking statements. Those statements are subject to certain risks and uncertainties that could cause the success of collections and the actual cash flow generated to differ materially from the information set forth herein. While such information reflects projections prepared in good faith based upon methods and data that are believed to be reasonable and accurate as of the dates thereof, the depositor undertakes no obligation to revise these forward-looking statements to reflect subsequent events or circumstances. Individuals should not place undue reliance on forward-looking statements and are advised to make their own independent analysis and determination with respect to the forecasted periods, which reflect the issuer’s view only as of the date hereof.
 
IMPORTANT NOTICE RELATING TO AUTOMATICALLY GENERATED EMAIL DISCLAIMERS
 
 Any legends, disclaimers or other notices that may appear at the bottom of the email communication to which this free writing prospectus is attached relating to (1) these materials not constituting an offer (or a solicitation of an offer), (2) no representation being made that these materials are accurate or complete and may not be updated or (3) these materials possibly being confidential, are not applicable to these materials and should be disregarded.  Such legends, disclaimers or other notices have been automatically generated as a result of these materials having been sent via Bloomberg or another system.

  

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
                9      
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 9.6% 100.0% GSBI, MSBNA, BMO GSMC, BMO NAP NAP 640 5th Avenue
2 Loan 18, 25, 28, 38 1 City Creek Center 6.9% 100.0% GSBI GSMC Group 1 NAP 50 South Main Street
3 Loan 9, 10, 18 1 Showcase I 6.9% 100.0% JPMCB, CREFI CREFI NAP NAP 3785 South Las Vegas Boulevard
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 6.5% 100.0% GACC, BCREI GACC, Barclays Group 1 NAP 5900 Sugarloaf Parkway
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 6.4% 100.0% CREFI CREFI NAP NAP 226 West Jackson Boulevard
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 5.4%   GACC GACC NAP NAP Various
6.01 Property   1 Trio on Fort Street 1.4% 26.0%         158 Rademacher Street, 201 Waterman Street & 6401 and 6451 West Fort Street
6.02 Property   1 28 Grand Apartments 0.7% 12.1%         28 West Grand River Avenue
6.03 Property   1 Madison Building 0.6% 10.9%         1555 Broadway Street
6.04 Property   1 1274 Library Street 0.6% 10.9%         1274 Library Street
6.05 Property   1 The Ferguson Apartments 0.6% 10.8%         1426-1454 Woodward Avenue
6.06 Property   1 Lofts of Merchant Row 0.5% 9.1%         1247, 1261, and 1275 Woodward Avenue
6.07 Property   1 620 and 630 Woodward Avenue 0.4% 7.7%         620 and 630 Woodward Avenue
6.08 Property   1 The Globe Building 0.4% 7.6%         407 East Fort Street
6.09 Property   1 1500 Woodward Avenue 0.2% 2.8%         1500 Woodward Avenue
6.10 Property   1 Fourteen56 Apartments 0.1% 2.1%         1456 Woodward Avenue
7 Loan 10, 12, 18 1 University Pointe 5.0% 100.0% CREFI CREFI NAP NAP 6350 Griffin Road
8 Loan 18, 37, 38 1 Soldier Hill Commons 4.6% 100.0% CREFI CREFI NAP NAP 1-5 Soldier Hill Road
9 Loan 18, 23, 29, 36 1 The Light Building 4.3% 100.0% CREFI CREFI NAP NAP 420 Broadway Street, 305-309 North Alamo Street and 318 and 320 Broadway Street
10 Loan 9, 10, 19, 20 1 488 Madison 4.0% 100.0% MSBNA, GACC GACC NAP NAP 488 Madison Avenue
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 3.7% 100.0% CREFI, BANA CREFI NAP NAP 6210 and 6230 Stoneridge Mall Road
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 3.6%   CREFI CREFI NAP NAP Various
12.01 Property   1 Lotus 315 2.1% 59.1%         315 South Harrison Street
12.02 Property   1 Essence 144 1.5% 40.9%         144 South Harrison Street
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 3.5%   CREFI CREFI NAP NAP Various
13.01 Property   1 Courtyard Marriott 1.8% 53.1%         2 Marriott Plaza
13.02 Property   1 TownePlace Suites 1.6% 46.9%         1 Marriott Plaza
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 3.2%   CREFI CREFI Group 2 NAP Various
14.01 Property   1 2001 Orville Drive North 0.9% 28.6%         2001 Orville Drive North
14.02 Property   1 90 Plant Avenue 0.6% 18.0%         90 Plant Avenue
14.03 Property   1 740 Old Willets Path 0.4% 12.6%         740 Old Willets Path
14.04 Property   1 180 Orville Drive 0.3% 10.8%         180 Orville Drive
14.05 Property   1 104 Parkway Drive South 0.3% 10.4%         104 Parkway Drive South
14.06 Property   1 85 Adams Avenue 0.3% 9.5%         85 Adams Avenue
14.07 Property   1 225 Oser Avenue 0.2% 5.2%         225 Oser Avenue
14.08 Property   1 611 Old Willets Path 0.2% 4.9%         611 Old Willets Path
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 2.8% 100.0% JPMCB, CREFI CREFI NAP NAP 9570 Wilshire Boulevard
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 2.3%   CREFI CREFI Group 2 NAP Various
16.01 Property   1 1101 Lakeland Avenue 0.9% 37.7%         1101 Lakeland Avenue
16.02 Property   1 20 Oser Avenue 0.5% 21.9%         20 Oser Avenue
16.03 Property   1 185 Oser Avenue 0.4% 15.6%         185 Oser Avenue
16.04 Property   1 73 Oser Avenue 0.3% 12.6%         73 Oser Avenue
16.05 Property   1 135 Fell Court  0.3% 12.1%         135 Fell Court 
17 Loan 33, 37, 38 1 1042 President Street 2.1% 100.0% BMO BMO NAP NAP 1042 President Street
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 2.1% 100.0% GACC GACC NAP NAP 1113 West Plum Street
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 2.0%   CREFI CREFI NAP NAP Various
19.01 Property   1 Prime Storage - Union City 0.7% 34.0%         3322, 3330 and 3334 Hudson Avenue and 122 Peter Street
19.02 Property   1 Prime Storage - Jersey City 0.5% 22.8%         190 Baldwin Avenue
19.03 Property   1 Prime Storage - Newark 0.4% 22.6%         200 Mount Pleasant Avenue
19.04 Property   1 Prime Storage - Hoboken 0.3% 13.3%         315 Coles Street
19.05 Property   1 Prime Storage - Garfield 0.1% 7.4%         170 River Drive
20 Loan 18, 29 1 419 Lafayette Street 2.0% 100.0% CREFI CREFI NAP NAP 419 Lafayette Street
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 1.8% 100.0% DBRI GACC NAP NAP 3575 Cahuenga Boulevard West
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 1.2% 100.0% GSBI GSMC NAP NAP 8620 Spectrum Center Boulevard
23 Loan   1 Exchange Plaza 1.2% 100.0% CREFI CREFI NAP NAP 5819 Northwest Loop 410
24 Loan 27, 37 1 Tesla - Lake Elmo 1.2% 100.0% BMO BMO NAP NAP 9800 Hudson Boulevard North
25 Loan 18 1 Lauretta Landing 1.1% 100.0% GSBI GSMC NAP NAP 5526 Lauretta Street
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 1.1%   BMO, SGFC, BCREI, KeyBank BMO NAP NAP Various
26.01 Property   1 FCA USA - Detroit, MI 0.3% 29.7%         6836 Georgia Street
26.02 Property   1 Grupo Antolin - Shelby Township, MI 0.1% 11.7%         52888 Shelby Parkway
26.03 Property   1 Follett School - McHenry, IL 0.1% 8.5%         1340 Ridgeview Drive
26.04 Property   1 Shaw Aero - Naples, FL 0.1% 4.9%         3580 Shaw Boulevard
26.05 Property   1 Kuka - Sterling Heights, MI 0.0% 4.5%         7408 Metro Parkway
26.06 Property   1 ZF Active Safety - Findlay, OH 0.0% 4.4%         1750 Production Drive
26.07 Property   1 CF Sauer - 184 Suburban 0.0% 4.1%         184 Suburban Road
26.08 Property   1 CF Sauer - 728 N Main St. 0.0% 4.1%         728 North Main Street
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA 0.0% 3.6%         130 Enterprise Drive
26.10 Property   1 Hannibal - Houston, TX 0.0% 3.6%         6501 Bingle Road
26.11 Property   1 FedEx IV - Lexington, KY 0.0% 3.3%         2024 Buck Lane
26.12 Property   1 VersaFlex - Kansas City, KS 0.0% 3.1%         686 Adams Street and 33 Shawnee Avenue

 

 A-1-1 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name % of Initial Pool Balance % of Loan Balance Mortgage Loan Originator Mortgage Loan Seller Related Group Crossed Group Address
                9      
26.13 Property   1 Cott Beverage Inc - Sikeston, MO 0.0% 2.7%         301 Larcel Drive
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD 0.0% 2.6%         1850 Clark Road
26.15 Property   1 CSTK - St. Louis, MO 0.0% 2.5%         420 East Carrie Avenue
26.16 Property   1 CF Sauer - 39 S Park Dr. 0.0% 2.5%         39 South Park Drive
26.17 Property   1 AM Castle - Wichita, KS 0.0% 2.4%         3050 South Hydraulic Avenue
26.18 Property   1 CF Sauer - 9 Old Mill Road 0.0% 1.3%         9 Old Mill Road
26.19 Property   1 CF Sauer - 2447 Eunice Avenue 0.0% 0.2%         2447 Eunice Avenue
26.20 Property   1 CF Sauer - 513 West Butler Road 0.0% 0.1%         513 West Butler Road
27 Loan 18 1 Madison on Mercer 0.8% 100.0% DBRI GACC NAP NAP 3601 Mercer University Drive
28 Loan 33 1 Silvernail Plaza 0.8% 100.0% BCREI Barclays NAP NAP 2160 Silvernail Road
29 Loan 37, 38 1 536 East 183rd Street 0.8% 100.0% CREFI CREFI NAP NAP 536 East 183rd Street
30 Loan 37 1 302 Graham Avenue 0.8% 100.0% CREFI CREFI NAP NAP 302 Graham Avenue
31 Loan   1 Woodbury Gardens 0.7% 100.0% CREFI CREFI NAP NAP 205 Charlotte Court
32 Loan   1 49 South Clinton Street 0.7% 100.0% CREFI CREFI NAP NAP 49 South Clinton Street
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 0.4%   GACC GACC NAP NAP Various
33.01 Property   1 371 Broadway 0.3% 60.1%         371 Broadway
33.02 Property   1 1776 2nd Avenue 0.2% 39.9%         1776 2nd Avenue
34 Loan   1 Durst CVS Columbus 0.3% 100.0% CREFI CREFI NAP NAP 6659 East Main Street
35 Loan 9 1 3533 Barnes 0.2% 100.0% Ice Lender Holdings LLC GACC NAP NAP 3533 Barnes Avenue

 

 A-1-2 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built
                       
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue New York New York NY 10022 Mixed Use Office/Retail 1949
2 Loan 18, 25, 28, 38 1 City Creek Center Salt Lake City Salt Lake UT 84101 Retail Super Regional Mall 2012
3 Loan 9, 10, 18 1 Showcase I Las Vegas Clark NV 89109 Retail Anchored 1997
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Lawrenceville Gwinnett GA 30043 Retail Super Regional Mall 2001
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop Chicago Cook IL 60606 Hospitality Full Service 1904
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio Detroit Wayne  MI Various Various Various Various
6.01 Property   1 Trio on Fort Street Detroit Wayne  MI 48209 Industrial Manufacturing 2001
6.02 Property   1 28 Grand Apartments Detroit Wayne  MI 48226 Multifamily High Rise 2016
6.03 Property   1 Madison Building Detroit Wayne  MI 48226 Office CBD 1917
6.04 Property   1 1274 Library Street Detroit Wayne  MI 48226 Mixed Use Retail/Office 1917
6.05 Property   1 The Ferguson Apartments Detroit Wayne  MI 48226 Multifamily Mid Rise 1897
6.06 Property   1 Lofts of Merchant Row Detroit Wayne  MI 48226 Retail Anchored 1891
6.07 Property   1 620 and 630 Woodward Avenue Detroit Wayne  MI 48226 Office CBD 1880
6.08 Property   1 The Globe Building Detroit Wayne  MI 48226 Office CBD 1888
6.09 Property   1 1500 Woodward Avenue Detroit Wayne  MI 48226 Mixed Use Office/Retail 1891
6.10 Property   1 Fourteen56 Apartments Detroit Wayne  MI 48226 Multifamily Mid Rise 1924
7 Loan 10, 12, 18 1 University Pointe Davie Broward FL 33314 Multifamily Student Housing 2019
8 Loan 18, 37, 38 1 Soldier Hill Commons Paramus Bergen NJ 07652 Multifamily Garden 2023
9 Loan 18, 23, 29, 36 1 The Light Building San Antonio Bexar TX 78205 Office CBD 1931
10 Loan 9, 10, 19, 20 1 488 Madison New York New York NY 10022 Office CBD 1950
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Pleasanton Alameda CA 94588 Mixed Use Office/Lab 2001
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 East Orange Essex NJ 07018 Multifamily Various Various
12.01 Property   1 Lotus 315 East Orange Essex NJ 07018 Multifamily Mid Rise 2019
12.02 Property   1 Essence 144 East Orange Essex NJ 07018 Multifamily High Rise 2017
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio Farmingdale Nassau NY 11735 Hospitality Various Various
13.01 Property   1 Courtyard Marriott Farmingdale Nassau NY 11735 Hospitality Select Service 2007
13.02 Property   1 TownePlace Suites Farmingdale Nassau NY 11735 Hospitality Extended Stay 2008
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B Various Suffolk NY Various Industrial Various Various
14.01 Property   1 2001 Orville Drive North Ronkonkoma Suffolk NY 11779 Industrial Warehouse 2003
14.02 Property   1 90 Plant Avenue Hauppauge Suffolk NY 11788 Industrial Flex 1972
14.03 Property   1 740 Old Willets Path Hauppauge Suffolk NY 11788 Industrial Flex 1980
14.04 Property   1 180 Orville Drive Bohemia Suffolk NY 11716 Industrial Flex 1982
14.05 Property   1 104 Parkway Drive South Hauppauge Suffolk NY 11788 Industrial Flex 1985
14.06 Property   1 85 Adams Avenue Hauppauge Suffolk NY 11788 Industrial Flex 1973
14.07 Property   1 225 Oser Avenue Hauppauge Suffolk NY 11788 Industrial Flex 1979
14.08 Property   1 611 Old Willets Path Hauppauge Suffolk NY 11788 Industrial Flex 1963
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills Beverly Hills Los Angeles CA 90212 Retail Single Tenant 1993
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A Various Suffolk NY Various Industrial Various Various
16.01 Property   1 1101 Lakeland Avenue Bohemia Suffolk NY 11716 Industrial Flex 1920
16.02 Property   1 20 Oser Avenue Hauppauge Suffolk NY 11788 Industrial Flex 1963
16.03 Property   1 185 Oser Avenue Hauppauge Suffolk NY 11788 Industrial Flex 1963
16.04 Property   1 73 Oser Avenue Hauppauge Suffolk NY 11788 Industrial Warehouse 1974
16.05 Property   1 135 Fell Court  Hauppauge Suffolk NY 11788 Industrial Flex 1965
17 Loan 33, 37, 38 1 1042 President Street Brooklyn Kings NY 11225 Multifamily Mid Rise 2023
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments Fort Collins Larimer CO 80521 Multifamily Student Housing 1966
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio Various Various NJ Various Self Storage Self Storage Various
19.01 Property   1 Prime Storage - Union City Union City Hudson NJ 07087 Self Storage Self Storage 1992
19.02 Property   1 Prime Storage - Jersey City Jersey City Hudson NJ 07306 Self Storage Self Storage 1992
19.03 Property   1 Prime Storage - Newark Newark Essex NJ 07104 Self Storage Self Storage 1925
19.04 Property   1 Prime Storage - Hoboken Jersey City Hudson NJ 07310 Self Storage Self Storage 1990
19.05 Property   1 Prime Storage - Garfield Garfield Bergen NJ 07026 Self Storage Self Storage 1900
20 Loan 18, 29 1 419 Lafayette Street New York New York NY 10003 Office CBD 1894
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Los Angeles Los Angeles CA 90068 Office Suburban 1983
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum San Diego San Diego CA 92123 Office CBD 2008
23 Loan   1 Exchange Plaza San Antonio Bexar TX 78238 Retail Unanchored 1986
24 Loan 27, 37 1 Tesla - Lake Elmo Lake Elmo Washington MN 55042 Industrial Warehouse 2024
25 Loan 18 1 Lauretta Landing San Diego San Diego CA 92110 Multifamily Mid Rise 2021
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio Various Various Various Various Various Various Various
26.01 Property   1 FCA USA - Detroit, MI Detroit Wayne MI 48211 Industrial Warehouse/Distribution 2015
26.02 Property   1 Grupo Antolin - Shelby Township, MI Shelby Township Macomb MI 48316 Industrial Manufacturing 2017
26.03 Property   1 Follett School - McHenry, IL McHenry McHenry IL 60050 Industrial Warehouse/Distribution 1996
26.04 Property   1 Shaw Aero - Naples, FL Naples Collier FL 34117 Industrial Manufacturing/Flex 1999
26.05 Property   1 Kuka - Sterling Heights, MI Sterling Heights Macomb MI 48312 Industrial Warehouse/Distribution 2006
26.06 Property   1 ZF Active Safety - Findlay, OH Findlay Hancock OH 45840 Industrial Manufacturing/Warehouse 2018
26.07 Property   1 CF Sauer - 184 Suburban San Luis Obispo San Luis Obispo CA 93401 Industrial Manufacturing 1998
26.08 Property   1 CF Sauer - 728 N Main St. Mauldin Greenville SC 29662 Industrial Warehouse/Distribution 1970
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA Pittsburgh Allegheny PA 15275 Industrial Distribution/Flex 2015
26.10 Property   1 Hannibal - Houston, TX Houston Harris TX 77092 Industrial Manufacturing/Distribution 1978
26.11 Property   1 FedEx IV - Lexington, KY Lexington Fayette KY 40511 Industrial Warehouse/Distribution 2006
26.12 Property   1 VersaFlex - Kansas City, KS Kansas City Wyandotte KS 66105 Industrial Manufacturing 1977

 

 A-1-3 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name City County State Zip Code General Property Type Detailed Property Type Year Built
                       
26.13 Property   1 Cott Beverage Inc - Sikeston, MO Sikeston New Madrid MO 63801 Industrial Warehouse/Distribution 2016
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD Havre de Grace Harford MD 21078 Industrial Warehouse/Distribution 2002
26.15 Property   1 CSTK - St. Louis, MO St. Louis City of St. Louis MO 63147 Industrial Warehouse 2015
26.16 Property   1 CF Sauer - 39 S Park Dr. Mauldin Greenville SC 29607 Industrial Warehouse/Distribution 1982
26.17 Property   1 AM Castle - Wichita, KS Wichita Sedgwick KS 67216 Industrial Manufacturing 1976
26.18 Property   1 CF Sauer - 9 Old Mill Road Mauldin Greenville SC 29607 Industrial Warehouse/Distribution 1960
26.19 Property   1 CF Sauer - 2447 Eunice Avenue Orlando Orange FL 32808 Industrial Warehouse/Distribution 1971
26.20 Property   1 CF Sauer - 513 West Butler Road Mauldin Greenville SC 29662 Office Suburban 2000
27 Loan 18 1 Madison on Mercer Macon Bibb GA 31204 Multifamily Garden 1979
28 Loan 33 1 Silvernail Plaza Pewaukee Waukesha WI 53072 Retail Anchored 1984
29 Loan 37, 38 1 536 East 183rd Street Bronx Bronx NY 10458 Multifamily Mid Rise 2023
30 Loan 37 1 302 Graham Avenue Brooklyn Kings NY 11211 Multifamily Mid Rise 2023
31 Loan   1 Woodbury Gardens Central Valley Orange NY 10917 Multifamily Garden 1973
32 Loan   1 49 South Clinton Street East Orange Essex NJ 07018 Multifamily Garden 1927
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio New York New York NY Various Retail Various Various
33.01 Property   1 371 Broadway New York New York NY 10013 Retail Single Tenant 1920
33.02 Property   1 1776 2nd Avenue New York New York NY 10128 Retail Unanchored 1987
34 Loan   1 Durst CVS Columbus Reynoldsburg Franklin OH 43068 Retail Single Tenant 1999
35 Loan 9 1 3533 Barnes Bronx Bronx NY 10467 Multifamily Mid Rise 1915

 

 A-1-4 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate %
            12   12 11 11     1, 14
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 2003 314,533 SF 953.79 97,100,000 97,100,000 88,603,750 6.1293333% 0.01508%
2 Loan 18, 25, 28, 38 1 City Creek Center NAP 325,790 SF 214.86 70,000,000 70,000,000 70,000,000 7.63000% 0.01383%
3 Loan 9, 10, 18 1 Showcase I 2003 180,848 SF 937.25 69,500,000 69,500,000 69,500,000 6.36000% 0.01508%
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 2006 1,178,576 SF 55.82 66,000,000 65,790,421 58,230,829 8.01700% 0.01383%
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 2021 350 Rooms 185,714.29 65,000,000 65,000,000 65,000,000 7.60000% 0.01383%
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio Various 853,067 SF 87.92 55,000,000 55,000,000 55,000,000 6.38500% 0.01383%
6.01 Property   1 Trio on Fort Street 2018 563,782 SF   14,306,934 14,306,934 14,306,934    
6.02 Property   1 28 Grand Apartments NAP 133 Units   6,655,315 6,655,315 6,655,315    
6.03 Property   1 Madison Building 2006 58,869 SF   6,017,680 6,017,680 6,017,680    
6.04 Property   1 1274 Library Street 1975 40,666 SF   5,977,828 5,977,828 5,977,828    
6.05 Property   1 The Ferguson Apartments 2015 55 Units   5,937,976 5,937,976 5,937,976    
6.06 Property   1 Lofts of Merchant Row 2017 50,983 SF   4,981,523 4,981,523 4,981,523    
6.07 Property   1 620 and 630 Woodward Avenue 2013 39,602 SF   4,212,376 4,212,376 4,212,376    
6.08 Property   1 The Globe Building 2020 47,310 SF   4,176,509 4,176,509 4,176,509    
6.09 Property   1 1500 Woodward Avenue 2020 21,703 SF   1,554,235 1,554,235 1,554,235    
6.10 Property   1 Fourteen56 Apartments 2024 6 Units   1,179,625 1,179,625 1,179,625    
7 Loan 10, 12, 18 1 University Pointe NAP 877 Beds 97,890.54 50,000,000 50,000,000 50,000,000 6.70000% 0.01383%
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP 140 Units 332,142.86 46,500,000 46,500,000 46,500,000 6.78000% 0.01383%
9 Loan 18, 23, 29, 36 1 The Light Building 2022 147,549 SF 294.82 43,500,000 43,500,000 43,500,000 6.86000% 0.02383%
10 Loan 9, 10, 19, 20 1 488 Madison 2012-2023 481,245 SF 207.79 40,000,000 40,000,000 40,000,000 6.88200% 0.01508%
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 2023 295,306 SF 222.82 37,100,000 37,100,000 37,100,000 7.78000% 0.01383%
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 NAP 336 Units 256,250.00 36,100,000 36,100,000 36,100,000 6.42000% 0.01508%
12.01 Property   1 Lotus 315 NAP 180 Units   21,320,383 21,320,383 21,320,383    
12.02 Property   1 Essence 144 NAP 156 Units   14,779,617 14,779,617 14,779,617    
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio Various 249 Rooms 140,562.25 35,000,000 35,000,000 35,000,000 8.34000% 0.01383%
13.01 Property   1 Courtyard Marriott 2014-2015 131 Rooms   18,575,000 18,575,000 18,575,000    
13.02 Property   1 TownePlace Suites 2014 118 Rooms   16,425,000 16,425,000 16,425,000    
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B NAP 292,823 SF 108.99 31,915,000 31,915,000 31,915,000 7.07000% 0.06258%
14.01 Property   1 2001 Orville Drive North NAP 72,000 SF   9,130,000 9,130,000 9,130,000    
14.02 Property   1 90 Plant Avenue NAP 74,950 SF   5,745,000 5,745,000 5,745,000    
14.03 Property   1 740 Old Willets Path 2014 30,174 SF   4,020,000 4,020,000 4,020,000    
14.04 Property   1 180 Orville Drive NAP 38,003 SF   3,440,000 3,440,000 3,440,000    
14.05 Property   1 104 Parkway Drive South NAP 27,736 SF   3,330,000 3,330,000 3,330,000    
14.06 Property   1 85 Adams Avenue NAP 20,000 SF   3,040,000 3,040,000 3,040,000    
14.07 Property   1 225 Oser Avenue NAP 9,960 SF   1,660,000 1,660,000 1,660,000    
14.08 Property   1 611 Old Willets Path NAP 20,000 SF   1,550,000 1,550,000 1,550,000    
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 2023 114,978 SF 782.76 28,635,000 28,635,000 28,635,000 7.66300% 0.01383%
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A Various 216,318 SF 105.56 22,835,000 22,835,000 22,835,000 7.07000% 0.06258%
16.01 Property   1 1101 Lakeland Avenue 1983 94,168 SF   8,620,000 8,620,000 8,620,000    
16.02 Property   1 20 Oser Avenue NAP 42,065 SF   5,010,000 5,010,000 5,010,000    
16.03 Property   1 185 Oser Avenue NAP 29,900 SF   3,570,000 3,570,000 3,570,000    
16.04 Property   1 73 Oser Avenue NAP 20,000 SF   2,870,000 2,870,000 2,870,000    
16.05 Property   1 135 Fell Court  NAP 30,185 SF   2,765,000 2,765,000 2,765,000    
17 Loan 33, 37, 38 1 1042 President Street NAP 55 Units 392,727.27 21,600,000 21,600,000 21,600,000 6.56800% 0.01383%
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 2023 216 Beds 99,537.04 21,500,000 21,500,000 21,500,000 6.08500% 0.04383%
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio Various 247,112 SF 234.71 20,000,000 20,000,000 20,000,000 6.21000% 0.01383%
19.01 Property   1 Prime Storage - Union City NAP 69,217 SF   6,793,103 6,793,103 6,793,103    
19.02 Property   1 Prime Storage - Jersey City NAP 44,841 SF   4,551,724 4,551,724 4,551,724    
19.03 Property   1 Prime Storage - Newark 2014 62,563 SF   4,517,241 4,517,241 4,517,241    
19.04 Property   1 Prime Storage - Hoboken NAP 34,064 SF   2,655,172 2,655,172 2,655,172    
19.05 Property   1 Prime Storage - Garfield 2019 36,427 SF   1,482,759 1,482,759 1,482,759    
20 Loan 18, 29 1 419 Lafayette Street 2006, 2021 75,600 SF 264.55 20,000,000 20,000,000 20,000,000 7.02000% 0.01383%
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 2016, 2018 158,886 SF 115.18 18,300,000 18,300,000 18,300,000 7.33800% 0.01383%
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum NAP 274,758 SF 300.12 12,460,000 12,460,000 12,460,000 7.91200% 0.01383%
23 Loan   1 Exchange Plaza 2021 143,454 SF 84.35 12,100,000 12,100,000 12,100,000 8.53000% 0.01383%
24 Loan 27, 37 1 Tesla - Lake Elmo NAP 50,000 SF 235.00 11,750,000 11,750,000 11,750,000 4.82000% 0.01383%
25 Loan 18 1 Lauretta Landing NAP 30 Units 363,333.33 10,900,000 10,900,000 10,900,000 6.36000% 0.06258%
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio Various 3,908,306 SF 60.64 10,650,000 10,650,000 10,650,000 5.74400% 0.01383%
26.01 Property   1 FCA USA - Detroit, MI 2017, 2020 997,022 SF   3,167,835 3,167,835 3,167,835    
26.02 Property   1 Grupo Antolin - Shelby Township, MI NAP 359,807 SF   1,248,742 1,248,742 1,248,742    
26.03 Property   1 Follett School - McHenry, IL 2002 486,868 SF   909,936 909,936 909,936    
26.04 Property   1 Shaw Aero - Naples, FL NAP 130,581 SF   520,309 520,309 520,309    
26.05 Property   1 Kuka - Sterling Heights, MI NAP 200,000 SF   482,798 482,798 482,798    
26.06 Property   1 ZF Active Safety - Findlay, OH NAP 216,300 SF   470,698 470,698 470,698    
26.07 Property   1 CF Sauer - 184 Suburban NAP 106,066 SF   435,608 435,608 435,608    
26.08 Property   1 CF Sauer - 728 N Main St. NAP 247,000 SF   433,188 433,188 433,188    
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA 2024 85,646 SF   388,417 388,417 388,417    
26.10 Property   1 Hannibal - Houston, TX 2016 109,000 SF   384,787 384,787 384,787    
26.11 Property   1 FedEx IV - Lexington, KY 2012 138,487 SF   355,746 355,746 355,746    
26.12 Property   1 VersaFlex - Kansas City, KS 1990 113,000 SF   325,496 325,496 325,496    

 

 A-1-5 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Year Renovated Number of Units Unit of Measure Loan Per Unit ($) Original Balance ($) Cut-off Date Balance ($) Maturity/ARD Balance ($) Interest Rate % Administrative Fee Rate %
            12   12 11 11     1, 14
26.13 Property   1 Cott Beverage Inc - Sikeston, MO NAP 170,000 SF   287,985 287,985 287,985    
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD NAP 120,000 SF   273,465 273,465 273,465    
26.15 Property   1 CSTK - St. Louis, MO NAP 56,029 SF   271,045 271,045 271,045    
26.16 Property   1 CF Sauer - 39 S Park Dr. NAP 152,000 SF   266,205 266,205 266,205    
26.17 Property   1 AM Castle - Wichita, KS NAP 127,600 SF   256,524 256,524 256,524    
26.18 Property   1 CF Sauer - 9 Old Mill Road 2004 80,000 SF   140,362 140,362 140,362    
26.19 Property   1 CF Sauer - 2447 Eunice Avenue NAP 6,900 SF   18,755 18,755 18,755    
26.20 Property   1 CF Sauer - 513 West Butler Road 2004 6,000 SF   12,100 12,100 12,100    
27 Loan 18 1 Madison on Mercer 2021, 2023 133 Units 60,902.26 8,100,000 8,100,000 8,100,000 6.92700% 0.01383%
28 Loan 33 1 Silvernail Plaza NAP 116,135 SF 69.75 8,100,000 8,100,000 8,100,000 6.10000% 0.01383%
29 Loan 37, 38 1 536 East 183rd Street NAP 38 Units 210,526.32 8,000,000 8,000,000 8,000,000 6.82000% 0.01383%
30 Loan 37 1 302 Graham Avenue NAP 10 Units 800,000.00 8,000,000 8,000,000 8,000,000 6.44000% 0.01383%
31 Loan   1 Woodbury Gardens NAP 87 Units 85,057.47 7,400,000 7,400,000 7,400,000 7.16000% 0.01383%
32 Loan   1 49 South Clinton Street 2016 53 Units 138,679.25 7,350,000 7,350,000 7,350,000 6.81000% 0.01383%
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio Various 6,862 SF 641.21 4,400,000 4,400,000 4,400,000 7.17700% 0.01383%
33.01 Property   1 371 Broadway 2007 3,662 SF   2,645,570 2,645,570 2,645,570    
33.02 Property   1 1776 2nd Avenue NAP 3,200 SF   1,754,430 1,754,430 1,754,430    
34 Loan   1 Durst CVS Columbus NAP 10,125 SF 296.30 3,000,000 3,000,000 3,000,000 7.74000% 0.01383%
35 Loan 9 1 3533 Barnes 2024 10 Units 240,000.00 2,400,000 2,400,000 2,400,000 7.80000% 0.01383%

 

 A-1-6 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.)
            2, 15 15 2, 15 15        
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 6.1142533% 640,441.56 NAP 7,685,298.72 NAP Amortizing Balloon No Actual/360 0
2 Loan 18, 25, 28, 38 1 City Creek Center 7.61617% NAP 451,265.05 NAP 5,415,180.60 Interest Only No Actual/360 60
3 Loan 9, 10, 18 1 Showcase I 6.34492% NAP 373,465.97 NAP 4,481,591.64 Interest Only No Actual/360 60
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 8.00317% 552,748.93 NAP 6,632,987.16 NAP Amortizing Balloon No Actual/360 0
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 7.58617% NAP 417,384.26 NAP 5,008,611.12 Interest Only No Actual/360 60
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 6.37117% NAP 296,710.36 NAP 3,560,524.32 Interest Only No Actual/360 60
6.01 Property   1 Trio on Fort Street                  
6.02 Property   1 28 Grand Apartments                  
6.03 Property   1 Madison Building                  
6.04 Property   1 1274 Library Street                  
6.05 Property   1 The Ferguson Apartments                  
6.06 Property   1 Lofts of Merchant Row                  
6.07 Property   1 620 and 630 Woodward Avenue                  
6.08 Property   1 The Globe Building                  
6.09 Property   1 1500 Woodward Avenue                  
6.10 Property   1 Fourteen56 Apartments                  
7 Loan 10, 12, 18 1 University Pointe 6.68617% NAP 283,043.98 NAP 3,396,527.76 Interest Only No Actual/360 60
8 Loan 18, 37, 38 1 Soldier Hill Commons 6.76617% NAP 266,373.96 NAP 3,196,487.52 Interest Only No Actual/360 60
9 Loan 18, 23, 29, 36 1 The Light Building 6.83617% NAP 252,128.82 NAP 3,025,545.84 Interest Only No Actual/360 60
10 Loan 9, 10, 19, 20 1 488 Madison 6.86692% NAP 232,586.11 NAP 2,791,033.32 Interest Only No Actual/360 60
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 7.76617% NAP 243,872.38 NAP 2,926,468.56 Interest Only No Actual/360 60
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 6.40492% NAP 195,817.43 NAP 2,349,809.16 Interest Only No Actual/360 60
12.01 Property   1 Lotus 315                  
12.02 Property   1 Essence 144                  
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 8.32617% NAP 246,628.47 NAP 2,959,541.64 Interest Only No Actual/360 60
13.01 Property   1 Courtyard Marriott                  
13.02 Property   1 TownePlace Suites                  
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 7.00742% NAP 190,644.10 NAP 2,287,729.20 Interest Only No Actual/360 60
14.01 Property   1 2001 Orville Drive North                  
14.02 Property   1 90 Plant Avenue                  
14.03 Property   1 740 Old Willets Path                  
14.04 Property   1 180 Orville Drive                  
14.05 Property   1 104 Parkway Drive South                  
14.06 Property   1 85 Adams Avenue                  
14.07 Property   1 225 Oser Avenue                  
14.08 Property   1 611 Old Willets Path                  
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 7.64917% NAP 185,398.04 NAP 2,224,776.48 Interest Only No Actual/360 60
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 7.00742% NAP 136,404.77 NAP 1,636,857.24 Interest Only No Actual/360 60
16.01 Property   1 1101 Lakeland Avenue                  
16.02 Property   1 20 Oser Avenue                  
16.03 Property   1 185 Oser Avenue                  
16.04 Property   1 73 Oser Avenue                  
16.05 Property   1 135 Fell Court                   
17 Loan 33, 37, 38 1 1042 President Street 6.55417% NAP 119,866.00 NAP 1,438,392.00 Interest Only No Actual/360 60
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 6.04117% NAP 110,537.12 NAP 1,326,445.44 Interest Only No Actual/360 60
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 6.19617% NAP 104,937.50 NAP 1,259,250.00 Interest Only No Actual/360 60
19.01 Property   1 Prime Storage - Union City                  
19.02 Property   1 Prime Storage - Jersey City                  
19.03 Property   1 Prime Storage - Newark                  
19.04 Property   1 Prime Storage - Hoboken                  
19.05 Property   1 Prime Storage - Garfield                  
20 Loan 18, 29 1 419 Lafayette Street 7.00617% NAP 118,625.00 NAP 1,423,500.00 Interest Only No Actual/360 60
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 7.32417% NAP 113,458.73 NAP 1,361,504.76 Interest Only No Actual/360 60
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 7.89817% NAP 83,293.95 NAP 999,527.40 Interest Only No Actual/360 60
23 Loan   1 Exchange Plaza 8.51617% NAP 87,205.43 NAP 1,046,465.16 Interest Only No Actual/360 60
24 Loan 27, 37 1 Tesla - Lake Elmo 4.80617% NAP 47,851.33 NAP 574,215.96 Interest Only No Actual/360 60
25 Loan 18 1 Lauretta Landing 6.29742% NAP 58,572.36 NAP 702,868.32 Interest Only No Actual/360 60
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 5.73017% NAP 51,686.03 NAP 620,232.36 Interest Only No Actual/360 60
26.01 Property   1 FCA USA - Detroit, MI                  
26.02 Property   1 Grupo Antolin - Shelby Township, MI                  
26.03 Property   1 Follett School - McHenry, IL                  
26.04 Property   1 Shaw Aero - Naples, FL                  
26.05 Property   1 Kuka - Sterling Heights, MI                  
26.06 Property   1 ZF Active Safety - Findlay, OH                  
26.07 Property   1 CF Sauer - 184 Suburban                  
26.08 Property   1 CF Sauer - 728 N Main St.                  
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA                  
26.10 Property   1 Hannibal - Houston, TX                  
26.11 Property   1 FedEx IV - Lexington, KY                  
26.12 Property   1 VersaFlex - Kansas City, KS                  

 

 A-1-7 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Net Mortgage Rate % Monthly Debt Service (P&I) ($) Monthly Debt Service (IO) ($) Annual Debt Service (P&I) ($) Annual Debt Service (IO) ($) Amortization Type ARD Loan (Yes / No) Interest Accrual Method Original Interest-Only Period (Mos.)
            2, 15 15 2, 15 15        
26.13 Property   1 Cott Beverage Inc - Sikeston, MO                  
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD                  
26.15 Property   1 CSTK - St. Louis, MO                  
26.16 Property   1 CF Sauer - 39 S Park Dr.                  
26.17 Property   1 AM Castle - Wichita, KS                  
26.18 Property   1 CF Sauer - 9 Old Mill Road                  
26.19 Property   1 CF Sauer - 2447 Eunice Avenue                  
26.20 Property   1 CF Sauer - 513 West Butler Road                  
27 Loan 18 1 Madison on Mercer 6.91317% NAP 47,406.66 NAP 568,879.92 Interest Only No Actual/360 60
28 Loan 33 1 Silvernail Plaza 6.08617% NAP 41,746.88 NAP 500,962.56 Interest Only No Actual/360 60
29 Loan 37, 38 1 536 East 183rd Street 6.80617% NAP 46,098.15 NAP 553,177.80 Interest Only No Actual/360 60
30 Loan 37 1 302 Graham Avenue 6.42617% NAP 43,529.63 NAP 522,355.56 Interest Only No Actual/360 60
31 Loan   1 Woodbury Gardens 7.14617% NAP 44,766.57 NAP 537,198.84 Interest Only No Actual/360 60
32 Loan   1 49 South Clinton Street 6.79617% NAP 42,290.57 NAP 507,486.84 Interest Only No Actual/360 60
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 7.16317% NAP 26,681.16 NAP 320,173.92 Interest Only No Actual/360 60
33.01 Property   1 371 Broadway                  
33.02 Property   1 1776 2nd Avenue                  
34 Loan   1 Durst CVS Columbus 7.72617% NAP 19,618.75 NAP 235,425.00 Interest Only No Actual/360 60
35 Loan 9 1 3533 Barnes 7.78617% NAP 15,816.67 NAP 189,800.04 Interest Only No Actual/360 60

 

 A-1-8 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date
                             
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 0 60 60 NAP NAP 6/10/2024 0 1 8/1/2024 8/1/2024
2 Loan 18, 25, 28, 38 1 City Creek Center 58 60 58 0 0 4/24/2024 2 1 6/1/2024 NAP
3 Loan 9, 10, 18 1 Showcase I 60 60 60 0 0 6/7/2024 0 1 8/1/2024 NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 0 60 58 240 238 4/24/2024 2 1 6/1/2024 6/1/2024
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 59 60 59 0 0 6/6/2024 1 6 7/6/2024 NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 59 60 59 0 0 6/5/2024 1 6 7/6/2024 NAP
6.01 Property   1 Trio on Fort Street                    
6.02 Property   1 28 Grand Apartments                    
6.03 Property   1 Madison Building                    
6.04 Property   1 1274 Library Street                    
6.05 Property   1 The Ferguson Apartments                    
6.06 Property   1 Lofts of Merchant Row                    
6.07 Property   1 620 and 630 Woodward Avenue                    
6.08 Property   1 The Globe Building                    
6.09 Property   1 1500 Woodward Avenue                    
6.10 Property   1 Fourteen56 Apartments                    
7 Loan 10, 12, 18 1 University Pointe 59 60 59 0 0 5/16/2024 1 6 7/6/2024 NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons 59 60 59 0 0 5/24/2024 1 6 7/6/2024 NAP
9 Loan 18, 23, 29, 36 1 The Light Building 59 60 59 0 0 5/24/2024 1 6 7/6/2024 NAP
10 Loan 9, 10, 19, 20 1 488 Madison 59 60 59 0 0 5/14/2024 1 1 7/1/2024 NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 58 60 58 0 0 5/6/2024 2 6 6/6/2024 NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 59 60 59 0 0 6/3/2024 1 6 7/6/2024 NAP
12.01 Property   1 Lotus 315                    
12.02 Property   1 Essence 144                    
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 60 60 60 0 0 6/11/2024 0 6 8/6/2024 NAP
13.01 Property   1 Courtyard Marriott                    
13.02 Property   1 TownePlace Suites                    
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 59 60 59 0 0 5/23/2024 1 6 7/6/2024 NAP
14.01 Property   1 2001 Orville Drive North                    
14.02 Property   1 90 Plant Avenue                    
14.03 Property   1 740 Old Willets Path                    
14.04 Property   1 180 Orville Drive                    
14.05 Property   1 104 Parkway Drive South                    
14.06 Property   1 85 Adams Avenue                    
14.07 Property   1 225 Oser Avenue                    
14.08 Property   1 611 Old Willets Path                    
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 59 60 59 0 0 5/13/2024 1 5 7/5/2024 NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 59 60 59 0 0 5/23/2024 1 6 7/6/2024 NAP
16.01 Property   1 1101 Lakeland Avenue                    
16.02 Property   1 20 Oser Avenue                    
16.03 Property   1 185 Oser Avenue                    
16.04 Property   1 73 Oser Avenue                    
16.05 Property   1 135 Fell Court                     
17 Loan 33, 37, 38 1 1042 President Street 60 60 60 0 0 6/11/2024 0 6 8/6/2024 NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 58 60 58 0 0 4/24/2024 2 6 6/6/2024 NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 58 60 58 0 0 4/22/2024 2 6 6/6/2024 NAP
19.01 Property   1 Prime Storage - Union City                    
19.02 Property   1 Prime Storage - Jersey City                    
19.03 Property   1 Prime Storage - Newark                    
19.04 Property   1 Prime Storage - Hoboken                    
19.05 Property   1 Prime Storage - Garfield                    
20 Loan 18, 29 1 419 Lafayette Street 60 60 60 0 0 6/11/2024 0 6 8/6/2024 NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 60 60 60 0 0 6/7/2024 0 6 8/6/2024 NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 58 60 58 0 0 4/25/2024 2 6 6/6/2024 NAP
23 Loan   1 Exchange Plaza 60 60 60 0 0 6/10/2024 0 6 8/6/2024 NAP
24 Loan 27, 37 1 Tesla - Lake Elmo 60 60 60 0 0 6/14/2024 0 6 8/6/2024 NAP
25 Loan 18 1 Lauretta Landing 59 60 59 0 0 6/6/2024 1 6 7/6/2024 NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 57 60 57 0 0 4/5/2024 3 6 5/6/2024 NAP
26.01 Property   1 FCA USA - Detroit, MI                    
26.02 Property   1 Grupo Antolin - Shelby Township, MI                    
26.03 Property   1 Follett School - McHenry, IL                    
26.04 Property   1 Shaw Aero - Naples, FL                    
26.05 Property   1 Kuka - Sterling Heights, MI                    
26.06 Property   1 ZF Active Safety - Findlay, OH                    
26.07 Property   1 CF Sauer - 184 Suburban                    
26.08 Property   1 CF Sauer - 728 N Main St.                    
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA                    
26.10 Property   1 Hannibal - Houston, TX                    
26.11 Property   1 FedEx IV - Lexington, KY                    
26.12 Property   1 VersaFlex - Kansas City, KS                    

 

 A-1-9 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Remaining Interest-Only Period (Mos.) Original Term To Maturity / ARD (Mos.) Remaining Term To Maturity / ARD (Mos.) Original Amortization Term (Mos.) Remaining Amortization Term (Mos.) Origination Date Seasoning (Mos.) Payment Due Date First Payment Date First P&I Payment Date
                             
26.13 Property   1 Cott Beverage Inc - Sikeston, MO                    
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD                    
26.15 Property   1 CSTK - St. Louis, MO                    
26.16 Property   1 CF Sauer - 39 S Park Dr.                    
26.17 Property   1 AM Castle - Wichita, KS                    
26.18 Property   1 CF Sauer - 9 Old Mill Road                    
26.19 Property   1 CF Sauer - 2447 Eunice Avenue                    
26.20 Property   1 CF Sauer - 513 West Butler Road                    
27 Loan 18 1 Madison on Mercer 59 60 59 0 0 5/30/2024 1 6 7/6/2024 NAP
28 Loan 33 1 Silvernail Plaza 59 60 59 0 0 6/7/2024 1 6 7/6/2024 NAP
29 Loan 37, 38 1 536 East 183rd Street 59 60 59 0 0 5/20/2024 1 6 7/6/2024 NAP
30 Loan 37 1 302 Graham Avenue 59 60 59 0 0 6/5/2024 1 6 7/6/2024 NAP
31 Loan   1 Woodbury Gardens 60 60 60 0 0 6/10/2024 0 6 8/6/2024 NAP
32 Loan   1 49 South Clinton Street 60 60 60 0 0 6/7/2024 0 6 8/6/2024 NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 58 60 58 0 0 4/26/2024 2 6 6/6/2024 NAP
33.01 Property   1 371 Broadway                    
33.02 Property   1 1776 2nd Avenue                    
34 Loan   1 Durst CVS Columbus 60 60 60 0 0 6/10/2024 0 6 8/6/2024 NAP
35 Loan 9 1 3533 Barnes 59 60 59 0 0 5/22/2024 1 6 7/6/2024 NAP

 

 A-1-10 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description
              19 19 3, 21, 22, 23, 24, 25     18    
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 7/1/2029 NAP 0 0 L(24),D(29),O(7) 72,036,886 18,237,231 53,799,655 12/31/2023 T-12
2 Loan 18, 25, 28, 38 1 City Creek Center 5/1/2029 NAP 0 0 L(26),D(27),O(7) 23,635,158 14,814,820 8,820,338 12/31/2023 T-12
3 Loan 9, 10, 18 1 Showcase I 7/1/2029 NAP 0 0 L(24),YM1(29),O(7) 16,088,013 3,194,013 12,894,000 4/30/2024 T-12
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 5/1/2029 NAP 0 0 L(26),D(27),O(7) 27,625,518 7,793,953 19,831,565 12/31/2023 T-12
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 6/6/2029 NAP 5 0 L(25),D(28),O(7) 25,942,628 16,562,574 9,380,054 5/31/2024 T-12
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 6/6/2029 NAP 0 0 L(25),D(30),O(5) 15,783,565 7,592,263 8,191,302 12/31/2023 T-12
6.01 Property   1 Trio on Fort Street           4,573,009 2,072,213 2,500,796 12/31/2023 T-12
6.02 Property   1 28 Grand Apartments           1,770,156 1,073,049 697,107 12/31/2023 T-12
6.03 Property   1 Madison Building           1,799,213 854,207 945,006 12/31/2023 T-12
6.04 Property   1 1274 Library Street           1,580,526 593,038 987,488 12/31/2023 T-12
6.05 Property   1 The Ferguson Apartments           1,195,919 674,345 521,574 12/31/2023 T-12
6.06 Property   1 Lofts of Merchant Row           1,111,350 390,000 721,350 12/31/2023 T-12
6.07 Property   1 620 and 630 Woodward Avenue           1,418,573 645,625 772,948 12/31/2023 T-12
6.08 Property   1 The Globe Building           1,257,684 777,963 479,721 12/31/2023 T-12
6.09 Property   1 1500 Woodward Avenue           772,074 326,056 446,018 12/31/2023 T-12
6.10 Property   1 Fourteen56 Apartments           305,061 185,767 119,294 12/31/2023 T-12
7 Loan 10, 12, 18 1 University Pointe 6/6/2029 NAP 0 0 YM1(53),O(7) 13,505,544 5,313,490 8,192,053 3/31/2024 T-12
8 Loan 18, 37, 38 1 Soldier Hill Commons 6/6/2029 NAP 0 0 L(25),D(32),O(3) 3,747,495 467,501 3,279,994 4/30/2024 T-3 Ann
9 Loan 18, 23, 29, 36 1 The Light Building 6/6/2029 NAP 0 0 L(25),D(30),O(5) 6,942,858 2,247,194 4,695,664 3/31/2024 T-12
10 Loan 9, 10, 19, 20 1 488 Madison 6/1/2029 NAP 5 0 L(25),D(30),O(5) 19,483,978 13,079,611 6,404,367 3/31/2024 T-12
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 5/6/2029 NAP 0 0 L(26),D(30),O(4) 13,669,626 6,255,061 7,414,565 3/31/2024 T-12
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 6/6/2029 NAP 0 0 L(25),D(28),O(7) 8,249,395 2,378,747 5,870,649 4/30/2024 T-12
12.01 Property   1 Lotus 315           4,517,625 1,291,194 3,226,432 4/30/2024 T-12
12.02 Property   1 Essence 144           3,731,770 1,087,553 2,644,217 4/30/2024 T-12
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 7/6/2029 NAP 0 0 L(24),D(29),O(7) 14,251,874 8,935,580 5,316,295 3/31/2024 T-12
13.01 Property   1 Courtyard Marriott           8,172,393 5,528,028 2,644,365 3/31/2024 T-12
13.02 Property   1 TownePlace Suites           6,079,481 3,407,551 2,671,930 3/31/2024 T-12
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 6/6/2029 NAP 5 0 YM1(53),O(7) 3,980,045 1,064,390 2,915,655 3/31/2024 T-12
14.01 Property   1 2001 Orville Drive North           929,173 178,322 750,851 3/31/2024 T-12
14.02 Property   1 90 Plant Avenue           756,457 208,184 548,273 3/31/2024 T-12
14.03 Property   1 740 Old Willets Path           626,553 225,370 401,182 3/31/2024 T-12
14.04 Property   1 180 Orville Drive           493,332 137,431 355,901 3/31/2024 T-12
14.05 Property   1 104 Parkway Drive South           358,311 113,440 244,870 3/31/2024 T-12
14.06 Property   1 85 Adams Avenue           357,307 66,307 291,000 3/31/2024 T-12
14.07 Property   1 225 Oser Avenue           203,045 50,404 152,641 3/31/2024 T-12
14.08 Property   1 611 Old Willets Path           255,867 84,931 170,936 3/31/2024 T-12
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 6/5/2029 NAP 0 0 L(25),D(29),O(6) NAV NAV NAV NAV NAV
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 6/6/2029 NAP 5 0 YM1(53),O(7) 2,526,637 738,729 1,787,908 3/31/2024 T-12
16.01 Property   1 1101 Lakeland Avenue           1,192,705 321,146 871,559 3/31/2024 T-12
16.02 Property   1 20 Oser Avenue           614,479 153,386 461,093 3/31/2024 T-12
16.03 Property   1 185 Oser Avenue           187,742 103,464 84,278 3/31/2024 T-12
16.04 Property   1 73 Oser Avenue           169,765 53,580 116,186 3/31/2024 T-12
16.05 Property   1 135 Fell Court            361,946 107,153 254,793 3/31/2024 T-12
17 Loan 33, 37, 38 1 1042 President Street 7/6/2029 NAP 0 0 L(24),D(32),O(4) NAV NAV NAV NAV NAV
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 5/6/2029 NAP 0 0 L(12),YM1(44),O(4) 2,269,403 752,456 1,516,947 2/29/2024 T-12
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 5/6/2029 NAP 0 0 L(26),D(28),O(6) 7,796,656 3,197,633 4,599,023 1/31/2024 T-12
19.01 Property   1 Prime Storage - Union City           2,357,687 771,290 1,586,397 1/31/2024 T-12
19.02 Property   1 Prime Storage - Jersey City           1,750,533 642,921 1,107,612 1/31/2024 T-12
19.03 Property   1 Prime Storage - Newark           1,673,721 684,803 988,918 1/31/2024 T-12
19.04 Property   1 Prime Storage - Hoboken           1,200,220 614,452 585,768 1/31/2024 T-12
19.05 Property   1 Prime Storage - Garfield           814,494 484,166 330,328 1/31/2024 T-12
20 Loan 18, 29 1 419 Lafayette Street 7/6/2029 NAP 0 0 L(24),D(29),O(7) 3,609,829 1,217,525 2,392,304 2/29/2024 T-12
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 7/6/2029 NAP 5 0 L(12),YM1(12),DorYM1(31),O(5) 3,387,437 1,875,666 1,511,771 12/31/2023 T-12
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 5/6/2029 NAP 5 (Once per trailing 12-month period) 0 L(26),D(27),O(7) 6,899,325 3,035,453 3,863,872 2/29/2024 T-12
23 Loan   1 Exchange Plaza 7/6/2029 NAP 0 0 L(24),D(32),O(4) 2,477,306 844,111 1,633,195 2/29/2024 T-12
24 Loan 27, 37 1 Tesla - Lake Elmo 7/6/2029 NAP 0 0 L(24),D(31),O(5) NAV NAV NAV NAV NAV
25 Loan 18 1 Lauretta Landing 6/6/2029 NAP 0 0 L(25),D(28),O(7) 1,072,531 355,030 717,501 3/31/2024 T-12
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 4/6/2029 NAP 0 0 L(11),YM1(16),DorYM1(26),O(7) 30,083,673 1,937,654 28,146,019 12/31/2023 T-12
26.01 Property   1 FCA USA - Detroit, MI           9,124,678 980,812 8,143,866 12/31/2023 T-12
26.02 Property   1 Grupo Antolin - Shelby Township, MI           3,723,073 62,226 3,660,847 12/31/2023 T-12
26.03 Property   1 Follett School - McHenry, IL           2,078,309 15,385 2,062,924 12/31/2023 T-12
26.04 Property   1 Shaw Aero - Naples, FL           1,339,488 263,265 1,076,223 12/31/2023 T-12
26.05 Property   1 Kuka - Sterling Heights, MI           1,189,724 19,724 1,170,000 12/31/2023 T-12
26.06 Property   1 ZF Active Safety - Findlay, OH           1,700,662 52,029 1,648,633 12/31/2023 T-12
26.07 Property   1 CF Sauer - 184 Suburban           1,140,189 5,229 1,134,961 12/31/2023 T-12
26.08 Property   1 CF Sauer - 728 N Main St.           1,196,256 12,180 1,184,076 12/31/2023 T-12
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA           1,054,508 24,302 1,030,206 12/31/2023 T-12
26.10 Property   1 Hannibal - Houston, TX           1,437,384 291,247 1,146,137 12/31/2023 T-12
26.11 Property   1 FedEx IV - Lexington, KY           853,366 12,834 840,532 12/31/2023 T-12
26.12 Property   1 VersaFlex - Kansas City, KS           720,000 5,328 714,672 12/31/2023 T-12

 

 A-1-11 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Maturity Date or Anticipated Repayment Date Final Maturity Date Grace Period - Late Fee (Days) Grace Period - Default (Days) Prepayment Provision Most Recent EGI ($) Most Recent Expenses ($) Most Recent NOI ($) Most Recent NOI Date Most Recent Description
              19 19 3, 21, 22, 23, 24, 25     18    
26.13 Property   1 Cott Beverage Inc - Sikeston, MO           920,672 79,649 841,024 12/31/2023 T-12
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD           661,814 6,949 654,865 12/31/2023 T-12
26.15 Property   1 CSTK - St. Louis, MO           995,619 94,628 900,991 12/31/2023 T-12
26.16 Property   1 CF Sauer - 39 S Park Dr.           736,155 7,492 728,662 12/31/2023 T-12
26.17 Property   1 AM Castle - Wichita, KS           750,794 0 750,794 12/31/2023 T-12
26.18 Property   1 CF Sauer - 9 Old Mill Road           387,452 3,946 383,506 12/31/2023 T-12
26.19 Property   1 CF Sauer - 2447 Eunice Avenue           44,567 230 44,338 12/31/2023 T-12
26.20 Property   1 CF Sauer - 513 West Butler Road           28,962 199 28,763 12/31/2023 T-12
27 Loan 18 1 Madison on Mercer 6/6/2029 NAP 0 0 L(24),YM1(32),O(4) 1,256,159 571,843 684,316 3/31/2024 T-12
28 Loan 33 1 Silvernail Plaza 6/6/2029 NAP 0 0 L(25),D(28),O(7) 1,646,564 546,446 1,100,118 2/29/2024 T-12
29 Loan 37, 38 1 536 East 183rd Street 6/6/2029 NAP 0 0 L(25),D(28),O(7) NAV NAV NAV NAV NAV
30 Loan 37 1 302 Graham Avenue 6/6/2029 NAP 0 0 L(25),D(28),O(7) NAV NAV NAV NAV NAV
31 Loan   1 Woodbury Gardens 7/6/2029 NAP 0 0 L(24),D(33),O(3) 1,588,538 808,165 780,373 3/31/2024 T-12
32 Loan   1 49 South Clinton Street 7/6/2029 NAP 0 0 L(24),D(30),O(6) 997,267 334,722 662,545 4/30/2024 T-12
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 5/6/2029 NAP 0 0 L(26),D(27),O(7) 299,920 172,624 127,295 12/31/2023 T-12
33.01 Property   1 371 Broadway           NAV NAV NAV NAV NAV
33.02 Property   1 1776 2nd Avenue           NAV NAV NAV NAV NAV
34 Loan   1 Durst CVS Columbus 7/6/2029 NAP 0 0 L(24),D(29),O(7) 348,387 10,698 337,689 12/31/2023 T-12
35 Loan 9 1 3533 Barnes 6/6/2029 NAP 0 0 L(23),YM2(33),O(4) NAV NAV NAV NAV NAV

 

 A-1-12 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description
                             
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 67,571,078 19,799,244 47,771,835 12/31/2022 T-12 66,651,606 17,827,438 48,824,168 12/31/2021 T-12
2 Loan 18, 25, 28, 38 1 City Creek Center 24,917,085 14,344,033 10,573,053 12/31/2022 T-12 24,706,715 13,736,865 10,969,850 12/31/2021 T-12
3 Loan 9, 10, 18 1 Showcase I 15,515,891 3,125,777 12,390,114 12/31/2023 T-12 13,686,743 2,886,618 10,800,125 12/31/2022 T-12
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 27,714,413 7,757,379 19,957,034 12/31/2022 T-12 25,431,292 6,961,279 18,470,013 12/31/2021 T-12
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 25,245,961 15,948,715 9,297,246 12/31/2023 T-12 19,859,116 12,474,323 7,384,793 12/31/2022 T-12
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 13,577,352 7,634,728 5,942,624 12/31/2022 T-12 10,172,405 6,877,759 3,294,646 12/31/2021 T-12
6.01 Property   1 Trio on Fort Street 3,138,078 2,305,169 832,909 12/31/2022 T-12 1,272,872 2,394,154 (1,121,282) 12/31/2021 T-12
6.02 Property   1 28 Grand Apartments 1,627,619 964,252 663,367 12/31/2022 T-12 1,112,458 748,819 363,639 12/31/2021 T-12
6.03 Property   1 Madison Building 1,614,058 799,503 814,555 12/31/2022 T-12 1,586,695 694,075 892,620 12/31/2021 T-12
6.04 Property   1 1274 Library Street 1,563,865 609,510 954,355 12/31/2022 T-12 795,825 442,187 353,638 12/31/2021 T-12
6.05 Property   1 The Ferguson Apartments 1,215,839 823,949 391,890 12/31/2022 T-12 1,028,655 637,126 391,529 12/31/2021 T-12
6.06 Property   1 Lofts of Merchant Row 1,112,193 425,274 686,919 12/31/2022 T-12 1,082,597 407,168 675,429 12/31/2021 T-12
6.07 Property   1 620 and 630 Woodward Avenue 1,381,428 527,953 853,475 12/31/2022 T-12 1,453,975 526,241 927,734 12/31/2021 T-12
6.08 Property   1 The Globe Building 991,730 683,759 307,971 12/31/2022 T-12 907,399 616,344 291,055 12/31/2021 T-12
6.09 Property   1 1500 Woodward Avenue 517,210 298,055 219,155 12/31/2022 T-12 595,837 257,882 337,955 12/31/2021 T-12
6.10 Property   1 Fourteen56 Apartments 415,332 197,304 218,028 12/31/2022 T-12 336,092 153,763 182,329 12/31/2021 T-12
7 Loan 10, 12, 18 1 University Pointe 13,360,391 5,233,248 8,127,143 12/31/2023 T-12 NAV NAV NAV NAV NAV
8 Loan 18, 37, 38 1 Soldier Hill Commons NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
9 Loan 18, 23, 29, 36 1 The Light Building 6,257,385 2,225,129 4,032,256 12/31/2023 T-12 NAV NAV NAV NAV NAV
10 Loan 9, 10, 19, 20 1 488 Madison 19,409,060 13,257,252 6,151,808 12/31/2023 T-12 23,626,906 13,457,905 10,169,001 12/31/2022 T-12
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 13,049,651 6,096,756 6,952,895 12/31/2023 T-12 10,570,084 5,733,264 4,836,820 12/31/2022 T-12
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 8,049,905 2,390,337 5,659,568 12/31/2023 T-12 7,953,274 2,349,398 5,603,876 12/31/2022 T-12
12.01 Property   1 Lotus 315 4,382,823 1,264,647 3,118,176 12/31/2023 T-12 4,442,177 1,229,862 3,212,315 12/31/2022 T-12
12.02 Property   1 Essence 144 3,667,082 1,125,690 2,541,392 12/31/2023 T-12 3,511,097 1,119,536 2,391,561 12/31/2022 T-12
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 13,944,363 9,037,087 4,907,276 12/31/2023 T-12 13,123,167 8,870,077 4,253,090 12/31/2022 T-12
13.01 Property   1 Courtyard Marriott 8,051,099 5,404,771 2,646,328 12/31/2023 T-12 7,579,072 4,926,001 2,653,071 12/31/2022 T-12
13.02 Property   1 TownePlace Suites 5,893,263 3,632,315 2,260,948 12/31/2023 T-12 5,544,095 3,944,076 1,600,019 12/31/2022 T-12
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 3,913,608 1,072,116 2,841,493 12/31/2023 T-12 3,781,776 1,048,455 2,733,320 12/31/2022 T-12
14.01 Property   1 2001 Orville Drive North 926,174 188,587 737,587 12/31/2023 T-12 1,017,549 188,352 829,197 12/31/2022 T-12
14.02 Property   1 90 Plant Avenue 744,581 208,081 536,499 12/31/2023 T-12 694,359 202,846 491,513 12/31/2022 T-12
14.03 Property   1 740 Old Willets Path 619,861 224,598 395,263 12/31/2023 T-12 579,772 238,045 341,726 12/31/2022 T-12
14.04 Property   1 180 Orville Drive 487,512 142,432 345,080 12/31/2023 T-12 436,286 136,607 299,679 12/31/2022 T-12
14.05 Property   1 104 Parkway Drive South 325,447 104,483 220,964 12/31/2023 T-12 276,975 74,534 202,441 12/31/2022 T-12
14.06 Property   1 85 Adams Avenue 356,260 66,898 289,362 12/31/2023 T-12 339,343 72,329 267,014 12/31/2022 T-12
14.07 Property   1 225 Oser Avenue 200,049 51,727 148,322 12/31/2023 T-12 194,407 50,562 143,845 12/31/2022 T-12
14.08 Property   1 611 Old Willets Path 253,725 85,309 168,416 12/31/2023 T-12 243,084 85,179 157,905 12/31/2022 T-12
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 2,560,472 738,402 1,822,070 12/31/2023 T-12 2,465,247 724,193 1,741,054 12/31/2022 T-12
16.01 Property   1 1101 Lakeland Avenue 1,183,072 321,593 861,479 12/31/2023 T-12 1,074,313 324,067 750,245 12/31/2022 T-12
16.02 Property   1 20 Oser Avenue 597,171 153,954 443,218 12/31/2023 T-12 533,724 163,637 370,087 12/31/2022 T-12
16.03 Property   1 185 Oser Avenue 232,084 108,463 123,621 12/31/2023 T-12 325,560 88,347 237,213 12/31/2022 T-12
16.04 Property   1 73 Oser Avenue 189,380 49,163 140,216 12/31/2023 T-12 183,077 44,399 138,678 12/31/2022 T-12
16.05 Property   1 135 Fell Court  358,765 105,229 253,536 12/31/2023 T-12 348,573 103,743 244,831 12/31/2022 T-12
17 Loan 33, 37, 38 1 1042 President Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 2,223,838 721,090 1,502,748 12/31/2023 T-12 2,071,447 679,479 1,391,969 12/31/2022 T-12
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 7,785,895 3,204,085 4,581,810 12/31/2023 T-12 7,583,372 3,139,090 4,444,282 12/31/2022 T-12
19.01 Property   1 Prime Storage - Union City 2,353,184 773,374 1,579,811 12/31/2023 T-12 2,201,878 762,779 1,439,098 12/31/2022 T-12
19.02 Property   1 Prime Storage - Jersey City 1,750,302 642,547 1,107,755 12/31/2023 T-12 1,696,875 617,895 1,078,980 12/31/2022 T-12
19.03 Property   1 Prime Storage - Newark 1,672,818 688,895 983,923 12/31/2023 T-12 1,685,224 704,636 980,588 12/31/2022 T-12
19.04 Property   1 Prime Storage - Hoboken 1,196,368 611,092 585,276 12/31/2023 T-12 1,230,369 599,618 630,751 12/31/2022 T-12
19.05 Property   1 Prime Storage - Garfield 813,223 488,178 325,046 12/31/2023 T-12 769,027 454,161 314,866 12/31/2022 T-12
20 Loan 18, 29 1 419 Lafayette Street 3,513,946 1,203,217 2,310,729 12/31/2023 T-12 3,513,041 1,284,503 2,228,538 12/31/2022 T-12
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 3,734,715 1,721,535 2,013,180 12/31/2022 T-12 3,770,984 1,599,719 2,171,266 12/31/2021 T-12
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 6,737,537 2,959,182 3,778,355 12/31/2023 T-12 4,217,575 2,311,761 1,905,814 12/31/2022 T-12
23 Loan   1 Exchange Plaza 2,469,924 830,959 1,638,965 12/31/2023 T-12 2,506,091 871,829 1,634,262 12/31/2022 T-12
24 Loan 27, 37 1 Tesla - Lake Elmo NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
25 Loan 18 1 Lauretta Landing 1,040,541 368,496 672,044 12/31/2023 T-12 NAV NAV NAV NAV NAV
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 29,989,517 2,405,590 27,583,927 12/31/2022 T-12 27,940,480 1,352,135 26,588,345 12/31/2021 T-12
26.01 Property   1 FCA USA - Detroit, MI 8,520,112 650,834 7,869,278 12/31/2022 T-12 7,504,173 492,597 7,011,576 12/31/2021 T-12
26.02 Property   1 Grupo Antolin - Shelby Township, MI 3,635,451 46,387 3,589,064 12/31/2022 T-12 3,572,514 53,827 3,518,687 12/31/2021 T-12
26.03 Property   1 Follett School - McHenry, IL 2,282,237 242,928 2,039,309 12/31/2022 T-12 2,175,499 14,055 2,161,445 12/31/2021 T-12
26.04 Property   1 Shaw Aero - Naples, FL 1,258,092 199,160 1,058,932 12/31/2022 T-12 1,185,273 140,625 1,044,648 12/31/2021 T-12
26.05 Property   1 Kuka - Sterling Heights, MI 1,167,198 17,198 1,150,000 12/31/2022 T-12 1,145,854 15,854 1,130,000 12/31/2021 T-12
26.06 Property   1 ZF Active Safety - Findlay, OH 2,181,541 566,121 1,615,420 12/31/2022 T-12 1,613,103 30,166 1,582,937 12/31/2021 T-12
26.07 Property   1 CF Sauer - 184 Suburban 1,116,127 3,421 1,112,707 12/31/2022 T-12 1,095,495 4,606 1,090,889 12/31/2021 T-12
26.08 Property   1 CF Sauer - 728 N Main St. 1,168,826 7,967 1,160,859 12/31/2022 T-12 1,148,824 10,727 1,138,097 12/31/2021 T-12
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA 1,041,968 21,962 1,020,006 12/31/2022 T-12 1,030,165 20,259 1,009,906 12/31/2021 T-12
26.10 Property   1 Hannibal - Houston, TX 1,440,392 316,728 1,123,664 12/31/2022 T-12 1,418,165 316,534 1,101,631 12/31/2021 T-12
26.11 Property   1 FedEx IV - Lexington, KY 990,505 148,531 841,974 12/31/2022 T-12 960,054 145,240 814,814 12/31/2021 T-12
26.12 Property   1 VersaFlex - Kansas City, KS 723,486 3,486 720,000 12/31/2022 T-12 721,756 1,756 720,000 12/31/2021 T-12

 

 A-1-13 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Second Most Recent EGI ($) Second Most Recent Expenses ($) Second Most Recent NOI ($) Second Most Recent NOI Date Second Most Recent Description Third Most Recent EGI ($) Third Most Recent Expenses ($) Third Most Recent NOI ($) Third Most Recent NOI Date Third Most Recent Description
                             
26.13 Property   1 Cott Beverage Inc - Sikeston, MO 909,392 80,797 828,595 12/31/2022 T-12 894,780 78,430 816,350 12/31/2021 T-12
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD 646,522 4,435 642,087 12/31/2022 T-12 640,692 2,212 638,480 12/31/2021 T-12
26.15 Property   1 CSTK - St. Louis, MO 990,341 87,739 902,602 12/31/2022 T-12 917,357 14,755 902,602 12/31/2021 T-12
26.16 Property   1 CF Sauer - 39 S Park Dr. 719,276 4,901 714,375 12/31/2022 T-12 706,968 6,600 700,367 12/31/2021 T-12
26.17 Property   1 AM Castle - Wichita, KS 747,440 0 747,440 12/31/2022 T-12 767,495 0 767,495 12/31/2021 T-12
26.18 Property   1 CF Sauer - 9 Old Mill Road 378,568 2,581 375,987 12/31/2022 T-12 372,089 3,475 368,614 12/31/2021 T-12
26.19 Property   1 CF Sauer - 2447 Eunice Avenue 43,653 222 43,432 12/31/2022 T-12 42,580 225 42,355 12/31/2021 T-12
26.20 Property   1 CF Sauer - 513 West Butler Road 28,391 192 28,199 12/31/2022 T-12 27,646 195 27,452 12/31/2021 T-12
27 Loan 18 1 Madison on Mercer 1,105,080 594,205 510,875 12/31/2023 T-12 847,451 453,697 393,755 12/31/2022 T-12
28 Loan 33 1 Silvernail Plaza 1,598,979 563,101 1,035,878 12/31/2023 T-12 1,630,969 558,644 1,072,325 12/31/2022 T-12
29 Loan 37, 38 1 536 East 183rd Street NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
30 Loan 37 1 302 Graham Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
31 Loan   1 Woodbury Gardens 1,571,145 820,308 750,837 12/31/2023 T-12 1,496,200 807,348 688,852 12/31/2022 T-12
32 Loan   1 49 South Clinton Street 988,773 335,751 653,022 12/31/2023 T-12 875,704 335,428 540,276 12/31/2022 T-12
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 525,227 155,813 369,414 12/31/2022 T-12 374,649 146,210 228,439 12/31/2021 T-12
33.01 Property   1 371 Broadway NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
33.02 Property   1 1776 2nd Avenue NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV
34 Loan   1 Durst CVS Columbus 390,921 11,548 379,373 12/31/2022 T-12 390,921 11,408 379,513 12/31/2021 T-12
35 Loan 9 1 3533 Barnes NAV NAV NAV NAV NAV NAV NAV NAV NAV NAV

 

 A-1-14 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%)
                18       4, 10, 15 4, 10, 15 10
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 100.0% 77,479,026 21,293,412 56,185,614 78,633 7,574,210 48,532,770 2.37 2.04 18.7%
2 Loan 18, 25, 28, 38 1 City Creek Center 90.7% 26,404,045 16,379,020 10,025,026 34,220 296,098 9,694,708 1.85 1.79 14.3%
3 Loan 9, 10, 18 1 Showcase I 91.7% 17,910,209 3,501,507 14,408,703 27,127 180,848 14,200,728 1.32 1.30 8.5%
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 95.0% 28,206,867 8,356,366 19,850,501 589,288 1,178,576 18,082,637 2.99 2.73 30.2%
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 77.3% 26,192,628 16,717,196 9,475,432 1,047,705 0 8,427,727 1.89 1.68 14.6%
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 88.6% 15,673,030 7,217,360 8,455,670 200,496 568,285 7,686,888 1.74 1.58 11.3%
6.01 Property   1 Trio on Fort Street 89.0% 4,599,560 1,553,021 3,046,539 84,567 204,756 2,757,216      
6.02 Property   1 28 Grand Apartments 91.3% 1,791,885 1,055,395 736,489 34,473 2,943 699,074      
6.03 Property   1 Madison Building 88.6% 1,577,099 905,597 671,502 14,201 90,800 566,502      
6.04 Property   1 1274 Library Street 70.1% 1,221,471 608,725 612,746 9,687 63,865 539,194      
6.05 Property   1 The Ferguson Apartments 67.9% 1,379,938 770,117 609,821 18,844 4,495 586,483      
6.06 Property   1 Lofts of Merchant Row 90.0% 1,146,841 432,167 714,675 10,197 50,095 654,383      
6.07 Property   1 620 and 630 Woodward Avenue 85.1% 1,594,591 625,871 968,720 9,210 51,975 907,536      
6.08 Property   1 The Globe Building 84.9% 1,381,440 714,493 666,947 11,639 69,910 585,399      
6.09 Property   1 1500 Woodward Avenue 89.9% 674,773 350,550 324,223 4,958 26,385 292,880      
6.10 Property   1 Fourteen56 Apartments 76.9% 305,432 201,425 104,007 2,722 3,062 98,223      
7 Loan 10, 12, 18 1 University Pointe 95.0% 15,552,873 5,357,805 10,195,067 67,141 30,943 10,096,983 1.75 1.73 11.9%
8 Loan 18, 37, 38 1 Soldier Hill Commons 95.2% 5,389,731 1,380,983 4,008,747 42,500 0 3,966,247 1.25 1.24 8.6%
9 Loan 18, 23, 29, 36 1 The Light Building 95.0% 7,979,131 2,069,680 5,909,451 29,510 353,160 5,526,782 1.95 1.83 13.6%
10 Loan 9, 10, 19, 20 1 488 Madison 82.6% 27,471,037 11,890,811 15,580,226 95,753 1,973,196 13,511,276 2.23 1.94 15.6%
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 95.0% 14,036,433 5,556,374 8,480,059 59,061 693,969 7,727,029 1.63 1.49 12.9%
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 95.0% 9,423,831 2,452,429 6,971,402 87,746 16,200 6,867,456 1.24 1.23 8.1%
12.01 Property   1 Lotus 315 95.0% 5,468,228 1,365,229 4,102,999 48,521 16,200 4,038,278      
12.02 Property   1 Essence 144 95.0% 3,955,603 1,087,200 2,868,403 39,225 0 2,829,178      
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 77.1% 14,212,935 8,824,959 5,387,976 568,517 0 4,819,458 1.82 1.63 15.4%
13.01 Property   1 Courtyard Marriott 78.9% 8,150,064 5,461,699 2,688,365 326,003 0 2,362,363      
13.02 Property   1 TownePlace Suites 75.2% 6,062,870 3,363,260 2,699,610 242,515 0 2,457,096      
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 92.2% 3,984,092 1,029,631 2,954,460 62,939 42,426 2,849,095 1.29 1.25 9.3%
14.01 Property   1 2001 Orville Drive North 100.0% 1,086,525 178,737 907,788 6,456 10,301 891,031      
14.02 Property   1 90 Plant Avenue 100.0% 830,642 209,278 621,365 5,443 7,055 608,867      
14.03 Property   1 740 Old Willets Path 92.2% 557,784 224,424 333,360 14,036 7,058 312,266      
14.04 Property   1 180 Orville Drive 100.0% 496,758 135,844 360,915 16,693 5,073 339,148      
14.05 Property   1 104 Parkway Drive South 100.0% 445,994 114,894 331,100 12,712 5,390 312,999      
14.06 Property   1 85 Adams Avenue 100.0% 351,422 64,834 286,587 2,571 4,491 279,525      
14.07 Property   1 225 Oser Avenue 100.0% 214,968 51,137 163,831 4,350 3,058 156,423      
14.08 Property   1 611 Old Willets Path 0.0% 0 50,485 (50,485) 679 0 (51,163)      
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 96.9% 16,320,592 4,257,401 12,063,191 17,247 114,978 11,930,966 1.73 1.71 13.4%
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 95.0% 2,888,311 745,009 2,143,302 38,269 40,220 2,064,813 1.31 1.26 9.4%
16.01 Property   1 1101 Lakeland Avenue 95.0% 1,129,403 314,986 814,417 4,827 14,880 794,710      
16.02 Property   1 20 Oser Avenue 95.0% 605,869 152,838 453,032 18,573 8,712 425,747      
16.03 Property   1 185 Oser Avenue 95.0% 458,388 111,660 346,728 7,890 6,786 332,053      
16.04 Property   1 73 Oser Avenue 95.0% 325,781 57,927 267,853 2,246 4,927 260,681      
16.05 Property   1 135 Fell Court  95.0% 368,870 107,598 261,272 4,733 4,916 251,623      
17 Loan 33, 37, 38 1 1042 President Street 95.5% 2,042,636 240,642 1,801,994 0 0 1,801,994 1.25 1.25 8.3%
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 95.0% 2,518,086 768,575 1,749,511 26,750 0 1,722,761 1.32 1.30 8.1%
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 91.4% 8,184,298 2,895,573 5,288,725 32,502 0 5,256,223 1.45 1.44 9.1%
19.01 Property   1 Prime Storage - Union City 95.0% 2,490,483 691,083 1,799,399 6,571 0 1,792,828      
19.02 Property   1 Prime Storage - Jersey City 92.9% 1,783,453 582,226 1,201,226 4,064 0 1,197,162      
19.03 Property   1 Prime Storage - Newark 89.0% 1,881,836 689,981 1,191,855 6,259 0 1,185,596      
19.04 Property   1 Prime Storage - Hoboken 86.4% 1,196,253 490,022 706,231 7,793 0 698,438      
19.05 Property   1 Prime Storage - Garfield 90.9% 832,274 442,261 390,013 7,815 0 382,198      
20 Loan 18, 29 1 419 Lafayette Street 83.3% 4,385,051 1,252,780 3,132,271 15,120 111,073 3,006,078 2.20 2.11 15.7%
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 71.4% 4,051,594 1,916,436 2,135,159 31,777 238,329 1,865,052 1.57 1.37 11.7%
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 96.2% 12,739,675 3,445,066 9,294,609 54,952 194,873 9,044,784 1.41 1.37 11.3%
23 Loan   1 Exchange Plaza 95.0% 2,461,988 856,002 1,605,986 52,454 143,454 1,410,077 1.53 1.35 13.3%
24 Loan 27, 37 1 Tesla - Lake Elmo 100.0% 1,541,040 48,744 1,492,297 0 0 1,492,297 2.60 2.60 12.7%
25 Loan 18 1 Lauretta Landing 95.0% 1,198,502 340,510 857,992 6,000 0 851,992 1.22 1.21 7.9%
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 100.0% 32,612,362 2,698,321 29,914,041 586,246 0 29,327,795 2.17 2.12 12.6%
26.01 Property   1 FCA USA - Detroit, MI 100.0% 10,165,096 1,216,851 8,948,245 149,553 0 8,798,692      
26.02 Property   1 Grupo Antolin - Shelby Township, MI 100.0% 3,862,154 136,993 3,725,161 53,971 0 3,671,190      
26.03 Property   1 Follett School - McHenry, IL 100.0% 2,257,626 60,838 2,196,789 73,030 0 2,123,759      
26.04 Property   1 Shaw Aero - Naples, FL 100.0% 1,482,908 319,310 1,163,598 19,587 0 1,144,011      
26.05 Property   1 Kuka - Sterling Heights, MI 100.0% 1,315,504 54,009 1,261,495 30,000 0 1,231,495      
26.06 Property   1 ZF Active Safety - Findlay, OH 100.0% 1,799,430 88,008 1,711,423 32,445 0 1,678,978      
26.07 Property   1 CF Sauer - 184 Suburban 100.0% 1,198,556 27,502 1,171,054 15,910 0 1,155,144      
26.08 Property   1 CF Sauer - 728 N Main St. 100.0% 1,255,057 33,326 1,221,732 37,050 0 1,184,682      
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA 100.0% 1,120,814 54,362 1,066,453 12,847 0 1,053,606      
26.10 Property   1 Hannibal - Houston, TX 100.0% 1,552,566 340,787 1,211,779 16,350 0 1,195,429      
26.11 Property   1 FedEx IV - Lexington, KY 100.0% 855,554 26,656 828,898 20,773 0 808,125      
26.12 Property   1 VersaFlex - Kansas City, KS 100.0% 851,541 20,629 830,912 16,950 0 813,962      

 

 A-1-15 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten Economic Occupancy (%) Underwritten EGI ($) Underwritten Expenses ($) Underwritten Net Operating Income ($) Underwritten Replacement / FF&E Reserve ($) Underwritten TI / LC ($) Underwritten Net Cash Flow ($) Underwritten NOI DSCR (x) Underwritten NCF DSCR (x) Underwritten NOI Debt Yield (%)
                18       4, 10, 15 4, 10, 15 10
26.13 Property   1 Cott Beverage Inc - Sikeston, MO 100.0% 979,883 112,372 867,512 25,500 0 842,012      
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD 100.0% 700,694 18,761 681,932 18,000 0 663,932      
26.15 Property   1 CSTK - St. Louis, MO 100.0% 1,124,754 131,892 992,862 8,404 0 984,458      
26.16 Property   1 CF Sauer - 39 S Park Dr. 100.0% 772,341 20,506 751,835 22,800 0 729,035      
26.17 Property   1 AM Castle - Wichita, KS 100.0% 834,023 22,751 811,272 19,140 0 792,132      
26.18 Property   1 CF Sauer - 9 Old Mill Road 100.0% 406,497 10,794 395,703 12,000 0 383,703      
26.19 Property   1 CF Sauer - 2447 Eunice Avenue 100.0% 46,876 1,167 45,709 1,035 0 44,674      
26.20 Property   1 CF Sauer - 513 West Butler Road 100.0% 30,486 808 29,678 900 0 28,778      
27 Loan 18 1 Madison on Mercer 94.5% 1,566,293 605,748 960,546 33,250 0 927,296 1.69 1.63 11.9%
28 Loan 33 1 Silvernail Plaza 86.7% 1,403,456 473,790 929,665 17,420 46,161 866,084 1.86 1.73 11.5%
29 Loan 37, 38 1 536 East 183rd Street 94.9% 1,450,368 229,060 1,221,308 9,500 0 1,211,808 2.21 2.19 15.3%
30 Loan 37 1 302 Graham Avenue 97.0% 792,228 135,365 656,863 2,500 0 654,363 1.26 1.25 8.2%
31 Loan   1 Woodbury Gardens 97.0% 1,591,151 820,931 770,220 24,904 0 745,316 1.43 1.39 10.4%
32 Loan   1 49 South Clinton Street 97.0% 992,395 343,411 648,984 13,250 0 635,734 1.28 1.25 8.8%
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 95.0% 667,115 203,289 463,826 1,372 12,009 450,445 1.45 1.41 10.5%
33.01 Property   1 371 Broadway NAV NAV NAV NAV NAV NAV NAV      
33.02 Property   1 1776 2nd Avenue NAV NAV NAV NAV NAV NAV NAV      
34 Loan   1 Durst CVS Columbus 97.0% 399,323 62,207 337,116 8,782 0 328,334 1.43 1.39 11.2%
35 Loan 9 1 3533 Barnes 95.0% 305,763 51,002 254,761 2,500 0 252,261 1.34 1.33 10.6%

 

 A-1-16 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N)
          10 20 20   10, 20 10, 20 5, 12, 26, 27    
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 16.2% 720,000,000 As Is 2/28/2024 41.7% 38.0% 92.9% 1/31/2024 No
2 Loan 18, 25, 28, 38 1 City Creek Center 13.8% 135,500,000 As Is 2/27/2024 51.7% 51.7% 85.4% 1/31/2024 No
3 Loan 9, 10, 18 1 Showcase I 8.4% 250,000,000 As Is 3/27/2024 67.8% 67.8% 90.0% 2/29/2024 No
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 27.5% 215,000,000 As Is 2/22/2024 30.6% 27.1% 86.6% 2/16/2024 No
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 13.0% 160,400,000 As Is 3/7/2024 40.5% 40.5% 77.3% 5/31/2024 NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 10.2% 138,010,000 As Is Various 54.3% 54.3% 83.0%    
6.01 Property   1 Trio on Fort Street   35,900,000 As Is 2/28/2024     86.1% 5/20/2024 No
6.02 Property   1 28 Grand Apartments   16,700,000 As Is 2/27/2024     84.2% 5/20/2024 NAP
6.03 Property   1 Madison Building   15,100,000 As Is 2/27/2024     97.5% 5/20/2024 No
6.04 Property   1 1274 Library Street   15,000,000 As Is 2/29/2024     54.2% 5/20/2024 No
6.05 Property   1 The Ferguson Apartments   14,900,000 As Is 2/27/2024     94.5% 5/20/2024 NAP
6.06 Property   1 Lofts of Merchant Row   12,500,000 As Is 2/29/2024     89.8% 5/20/2024 No
6.07 Property   1 620 and 630 Woodward Avenue   10,570,000 As Is 2/29/2024     74.7% 5/20/2024 No
6.08 Property   1 The Globe Building   10,480,000 As Is 2/29/2024     80.1% 5/20/2024 No
6.09 Property   1 1500 Woodward Avenue   3,900,000 As Is 2/27/2024     100.0% 5/20/2024 No
6.10 Property   1 Fourteen56 Apartments   2,960,000 As Is 2/27/2024     100.0% 5/20/2024 NAP
7 Loan 10, 12, 18 1 University Pointe 11.8% 157,400,000 As Is 4/22/2024 54.5% 54.5% 98.1% 4/4/2024 NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons 8.5% 74,200,000 As Is 3/11/2024 62.7% 62.7% 96.4% 5/22/2024 NAP
9 Loan 18, 23, 29, 36 1 The Light Building 12.7% 77,500,000 As Is 4/25/2024 56.1% 56.1% 100.0% 6/1/2024 No
10 Loan 9, 10, 19, 20 1 488 Madison 13.5% 220,000,000 As Is Assuming ADNY Reserves 4/1/2024 45.5% 45.5% 86.1% 4/1/2024 No
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 11.7% 110,400,000 As Is 1/9/2024 59.6% 59.6% 100.0% 7/6/2024 Yes
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 8.0% 123,700,000 Various Various 69.6% 69.6% 96.4%    
12.01 Property   1 Lotus 315   73,200,000 Prospective Market Value Upon Stabilization 10/1/2024     95.6% 6/1/2024 NAP
12.02 Property   1 Essence 144   50,500,000 As Is 4/23/2024     97.4% 6/1/2024 NAP
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 13.8% 66,000,000 As Stabilized 1/1/2026 53.0% 53.0% 77.1%    
13.01 Property   1 Courtyard Marriott   35,000,000 As Stabilized 1/1/2026     78.9% 3/31/2024 NAP
13.02 Property   1 TownePlace Suites   31,000,000 As Stabilized 1/1/2026     75.2% 3/31/2024 NAP
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 8.9% 63,500,000 As Is 4/25/2024 50.3% 50.3% 92.2%    
14.01 Property   1 2001 Orville Drive North   17,000,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
14.02 Property   1 90 Plant Avenue   13,000,000 As Is 4/25/2024     100.0% 4/18/2024 No
14.03 Property   1 740 Old Willets Path   7,400,000 As Is 4/25/2024     90.3% 4/18/2024 No
14.04 Property   1 180 Orville Drive   7,400,000 As Is 4/25/2024     100.0% 4/18/2024 No
14.05 Property   1 104 Parkway Drive South   6,500,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
14.06 Property   1 85 Adams Avenue   5,300,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
14.07 Property   1 225 Oser Avenue   2,700,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
14.08 Property   1 611 Old Willets Path   4,200,000 As Is 4/25/2024     0.0% 4/18/2024 NAP
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 13.3% 200,000,000 As Is 3/9/2024 45.0% 45.0% 100.0% 7/5/2024 Yes
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 9.0% 44,300,000 As Is 4/25/2024 51.5% 51.5% 100.0%    
16.01 Property   1 1101 Lakeland Avenue   17,300,000 As Is 4/25/2024     100.0% 4/18/2024 No
16.02 Property   1 20 Oser Avenue   10,000,000 As Is 4/25/2024     100.0% 4/18/2024 No
16.03 Property   1 185 Oser Avenue   6,400,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
16.04 Property   1 73 Oser Avenue   4,800,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
16.05 Property   1 135 Fell Court    5,800,000 As Is 4/25/2024     100.0% 7/6/2024 Yes
17 Loan 33, 37, 38 1 1042 President Street 8.3% 35,600,000 As Is 2/27/2024 60.7% 60.7% 89.1% 6/10/2024 NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 8.0% 30,700,000 As Is 2/29/2024 70.0% 70.0% 97.7% 4/17/2024 NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 9.1% 91,200,000 As Is Various 63.6% 63.6% 92.5%    
19.01 Property   1 Prime Storage - Union City   29,000,000 As Is 3/25/2024     95.4% 2/29/2024 NAP
19.02 Property   1 Prime Storage - Jersey City   21,500,000 As Is 3/25/2024     93.3% 2/29/2024 NAP
19.03 Property   1 Prime Storage - Newark   19,500,000 As Is 3/23/2024     90.9% 2/29/2024 NAP
19.04 Property   1 Prime Storage - Hoboken   13,500,000 As Is 3/25/2024     87.6% 2/29/2024 NAP
19.05 Property   1 Prime Storage - Garfield   7,700,000 As Is 3/23/2024     93.0% 2/29/2024 NAP
20 Loan 18, 29 1 419 Lafayette Street 15.0% 60,000,000 As Is 3/26/2024 33.3% 33.3% 85.4% 5/1/2024 No
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 10.2% 32,000,000 As Is 4/5/2024 57.2% 57.2% 68.9% 6/1/2024 No
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 11.0% 122,000,000 As Is 7/13/2023 67.6% 67.6% 100.0% 4/9/2024 No
23 Loan   1 Exchange Plaza 11.7% 22,000,000 As Is 3/6/2024 55.0% 55.0% 98.7% 4/2/2024 No
24 Loan 27, 37 1 Tesla - Lake Elmo 12.7% 23,900,000 As Is 3/18/2024 49.2% 49.2% 100.0% 7/6/2024 Yes
25 Loan 18 1 Lauretta Landing 7.8% 17,200,000 As Is 4/12/2024 63.4% 63.4% 100.0% 6/3/2024 NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 12.4% 440,475,000 As Is Various 53.8% 53.8% 100.0%    
26.01 Property   1 FCA USA - Detroit, MI   130,900,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.02 Property   1 Grupo Antolin - Shelby Township, MI   52,000,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.03 Property   1 Follett School - McHenry, IL   37,600,000 As Is 2/28/2024     100.0% 7/6/2024 Yes
26.04 Property   1 Shaw Aero - Naples, FL   21,500,000 As Is 3/5/2024     100.0% 7/6/2024 Yes
26.05 Property   1 Kuka - Sterling Heights, MI   19,950,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.06 Property   1 ZF Active Safety - Findlay, OH   19,450,000 As Is 3/1/2024     100.0% 7/6/2024 Yes
26.07 Property   1 CF Sauer - 184 Suburban   18,000,000 As Is 3/1/2024     100.0% 7/6/2024 Yes
26.08 Property   1 CF Sauer - 728 N Main St.   17,900,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA   16,050,000 As Is 2/28/2024     100.0% 7/6/2024 Yes
26.10 Property   1 Hannibal - Houston, TX   15,900,000 As Is 2/28/2024     100.0% 7/6/2024 Yes
26.11 Property   1 FedEx IV - Lexington, KY   14,700,000 As Is 3/7/2024     100.0% 7/6/2024 Yes
26.12 Property   1 VersaFlex - Kansas City, KS   13,450,000 As Is 3/4/2024     100.0% 7/6/2024 Yes

 

 A-1-17 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Underwritten NCF Debt Yield (%) Appraised Value ($) Appraised Value Type Appraisal Date Cut-off Date LTV Ratio (%) LTV Ratio at Maturity / ARD (%) Leased Occupancy (%) Occupancy Date Single Tenant (Y/N)
          10 20 20   10, 20 10, 20 5, 12, 26, 27    
26.13 Property   1 Cott Beverage Inc - Sikeston, MO   11,900,000 As Is 2/28/2024     100.0% 7/6/2024 Yes
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD   11,300,000 As Is 3/1/2024     100.0% 7/6/2024 Yes
26.15 Property   1 CSTK - St. Louis, MO   11,200,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.16 Property   1 CF Sauer - 39 S Park Dr.   11,000,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.17 Property   1 AM Castle - Wichita, KS   10,600,000 As Is 3/5/2024     100.0% 7/6/2024 Yes
26.18 Property   1 CF Sauer - 9 Old Mill Road   5,800,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
26.19 Property   1 CF Sauer - 2447 Eunice Avenue   775,000 As Is 3/4/2024     100.0% 7/6/2024 Yes
26.20 Property   1 CF Sauer - 513 West Butler Road   500,000 As Is 2/29/2024     100.0% 7/6/2024 Yes
27 Loan 18 1 Madison on Mercer 11.4% 12,800,000 As Is 4/11/2024 63.3% 63.3% 94.7% 5/22/2024 NAP
28 Loan 33 1 Silvernail Plaza 10.7% 12,800,000 As Is 5/22/2024 63.3% 63.3% 93.7% 3/1/2024 No
29 Loan 37, 38 1 536 East 183rd Street 15.1% 16,650,000 As Is 4/12/2024 48.0% 48.0% 94.7% 5/6/2024 NAP
30 Loan 37 1 302 Graham Avenue 8.2% 11,850,000 As Is 3/29/2024 67.5% 67.5% 100.0% 5/16/2024 NAP
31 Loan   1 Woodbury Gardens 10.1% 12,200,000 As Is 4/4/2024 60.7% 60.7% 100.0% 5/15/2024 NAP
32 Loan   1 49 South Clinton Street 8.6% 11,400,000 As Is 4/25/2024 64.5% 64.5% 98.1% 5/16/2024 NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 10.2% 7,900,000 As Is 12/18/2023 55.7% 55.7% 100.0%    
33.01 Property   1 371 Broadway   4,750,000 As Is 12/18/2023     100.0% 7/6/2024 Yes
33.02 Property   1 1776 2nd Avenue   3,150,000 As Is 12/18/2023     100.0% 4/26/2024 No
34 Loan   1 Durst CVS Columbus 10.9% 4,600,000 As Is 3/4/2024 65.2% 65.2% 100.0% 7/6/2024 Yes
35 Loan 9 1 3533 Barnes 10.5% 3,700,000 As Is 3/28/2024 64.9% 64.9% 100.0% 4/15/2024 NAP

 

 A-1-18 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30 28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Victoria's Secret 63,779 20.3% 1/31/2032 Fidelity Real Estate Company 40,615 12.9% 11/30/2026
2 Loan 18, 25, 28, 38 1 City Creek Center H&M 26,362 8.1% 1/31/2028 Gap Kids 12,641 3.9% 6/30/2024
3 Loan 9, 10, 18 1 Showcase I FlyOver 41,108 22.7% 8/31/2034 M&M World 31,025 17.2% 8/31/2040
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Bass Pro Shops Outdoor World 122,670 10.4% 10/31/2026 Medieval Times 87,200 7.4% 7/31/2026
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio                
6.01 Property   1 Trio on Fort Street LM Manufacturing LLC 295,974 52.5% 7/31/2030 Diversified Synergies LLC 189,358 33.6% 8/31/2027
6.02 Property   1 28 Grand Apartments NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 Madison Building Detroit Venture Partners LLC 20,057 34.1% 1/31/2027 Madison Hospitality 18,702 31.8% 12/31/2035
6.04 Property   1 1274 Library Street Hudson Real Property LLC 6,253 15.4% 12/31/2025 Barton Malow Company 6,217 15.3% 11/30/2025
6.05 Property   1 The Ferguson Apartments NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 Lofts of Merchant Row Nike Retail Services Inc. 22,195 43.5% 5/31/2026 Hudson Business Enterprises 5,864 11.5% 8/31/2028
6.07 Property   1 620 and 630 Woodward Avenue Bedrock Management Services LLC 25,783 65.1% 6/30/2027 Chipotle 3,800 9.6% 3/31/2034
6.08 Property   1 The Globe Building Hello Innovation Inc. 11,202 23.7% 6/30/2025 TPG Holding LLC 4,388 9.3% 2/28/2025
6.09 Property   1 1500 Woodward Avenue Kenneth Neumann/Joel Smith & Associates Inc. 6,196 28.5% 12/31/2025 August Pask Partners LLC 6,158 28.4% 1/31/2025
6.10 Property   1 Fourteen56 Apartments NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 10, 12, 18 1 University Pointe NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building 90th Shadows Edge - Chenega 28,263 19.2% 2/28/2027 Hearst Corporation 22,794 15.4% 10/31/2032
10 Loan 9, 10, 19, 20 1 488 Madison Archdiocese Of New York 142,308 29.6% 8/31/2055 Thompson Coburn LLP 44,825 9.3% 6/30/2027
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 10x Genomics, Inc. 295,306 100.0% 9/30/2029 NAP NAP NAP NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144                
12.01 Property   1 Lotus 315 NAP NAP NAP NAP NAP NAP NAP NAP
12.02 Property   1 Essence 144 NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio                
13.01 Property   1 Courtyard Marriott NAP NAP NAP NAP NAP NAP NAP NAP
13.02 Property   1 TownePlace Suites NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B                
14.01 Property   1 2001 Orville Drive North Europastry USA, Inc. 72,000 100.0% 12/31/2033 NAP NAP NAP NAP
14.02 Property   1 90 Plant Avenue Appliance World of Huntington 41,350 55.2% 11/30/2028 Amsco Valley Forge 24,000 32.0% 12/31/2027
14.03 Property   1 740 Old Willets Path Long Island Electric Utility Servco 14,165 46.9% 12/31/2026 SMSB Consulting Group 13,094 43.4% 4/30/2027
14.04 Property   1 180 Orville Drive Loomstate, LLC 18,600 48.9% 8/31/2026 AC Electrical Supplies 11,253 29.6% 7/31/2028
14.05 Property   1 104 Parkway Drive South Gamus, LLC 27,736 100.0% 5/31/2028 NAP NAP NAP NAP
14.06 Property   1 85 Adams Avenue Peerless Electronics 20,000 100.0% 4/30/2029 NAP NAP NAP NAP
14.07 Property   1 225 Oser Avenue Schaltbau North America, Inc. 9,960 100.0% 12/31/2025 NAP NAP NAP NAP
14.08 Property   1 611 Old Willets Path NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills Saks Fifth Avenue 114,978 100.0% 2/28/2049 NAP NAP NAP NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A                
16.01 Property   1 1101 Lakeland Avenue BBB Industries, LLC 34,417 36.5% 12/31/2025 True North Community Church 32,460 34.5% 6/30/2026
16.02 Property   1 20 Oser Avenue MVS Mailers, Inc. 21,065 50.1% 9/30/2030 Festo Corporation 14,000 33.3% 11/30/2025
16.03 Property   1 185 Oser Avenue PreCare Corp 29,900 100.0% 2/28/2031 NAP NAP NAP NAP
16.04 Property   1 73 Oser Avenue Parts Authority, LLC 20,000 100.0% 6/30/2031 NAP NAP NAP NAP
16.05 Property   1 135 Fell Court  Vicon Industries, Inc 30,185 100.0% 3/31/2027 NAP NAP NAP NAP
17 Loan 33, 37, 38 1 1042 President Street NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio                
19.01 Property   1 Prime Storage - Union City NAP NAP NAP NAP NAP NAP NAP NAP
19.02 Property   1 Prime Storage - Jersey City NAP NAP NAP NAP NAP NAP NAP NAP
19.03 Property   1 Prime Storage - Newark NAP NAP NAP NAP NAP NAP NAP NAP
19.04 Property   1 Prime Storage - Hoboken NAP NAP NAP NAP NAP NAP NAP NAP
19.05 Property   1 Prime Storage - Garfield NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 18, 29 1 419 Lafayette Street New York Shakespeare Festival 9,350 12.4% 2/28/2029 M13 Holdings Company, LLC 9,350 12.4% 2/28/2034
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Advanced Digital Services, Inc. 24,146 15.2% 11/30/2029 Wild Woods, Inc. 13,954 8.8% 10/31/2028
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum General Services Administration 120,209 43.8% 5/31/2044 Cypress Insurance Company 34,065 12.4% 12/31/2029
23 Loan   1 Exchange Plaza Lamson Institute 57,256 39.9% 9/30/2039 Cornerstone Fitness 41,476 28.9% 12/31/2031
24 Loan 27, 37 1 Tesla - Lake Elmo Tesla, Inc. 50,000 100.0% 5/31/2039 NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio                
26.01 Property   1 FCA USA - Detroit, MI Fiat Chrysler 997,022 100.0% 7/2/2030 NAP NAP NAP NAP
26.02 Property   1 Grupo Antolin - Shelby Township, MI Grupo Antolin 359,807 100.0% 10/31/2032 NAP NAP NAP NAP
26.03 Property   1 Follett School - McHenry, IL Follett School Solutions 486,868 100.0% 12/31/2029 NAP NAP NAP NAP
26.04 Property   1 Shaw Aero - Naples, FL Shaw Aero Devices 130,581 100.0% 12/31/2032 NAP NAP NAP NAP
26.05 Property   1 Kuka - Sterling Heights, MI KUKA Systems 200,000 100.0% 6/30/2034 NAP NAP NAP NAP
26.06 Property   1 ZF Active Safety - Findlay, OH ZF Active Safety 216,300 100.0% 10/31/2033 NAP NAP NAP NAP
26.07 Property   1 CF Sauer - 184 Suburban Sauer Brands 106,066 100.0% 7/31/2039 NAP NAP NAP NAP
26.08 Property   1 CF Sauer - 728 N Main St. Sauer Brands 247,000 100.0% 7/31/2039 NAP NAP NAP NAP
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA Walgreens 85,646 100.0% 11/30/2030 NAP NAP NAP NAP
26.10 Property   1 Hannibal - Houston, TX Hannibal Industries 109,000 100.0% 9/30/2029 NAP NAP NAP NAP
26.11 Property   1 FedEx IV - Lexington, KY FedEx Ground 138,487 100.0% 4/30/2032 NAP NAP NAP NAP
26.12 Property   1 VersaFlex - Kansas City, KS VersaFlex 113,000 100.0% 12/31/2038 NAP NAP NAP NAP

 

 A-1-19 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Largest Tenant Largest Tenant SF Largest Tenant % of NRA Largest Tenant Lease Expiration Date Second Largest Tenant Second Largest Tenant SF Second Largest Tenant % of NRA Second Largest Tenant Lease Expiration Date
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30 28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30
26.13 Property   1 Cott Beverage Inc - Sikeston, MO Cott Beverages 170,000 100.0% 1/31/2027 NAP NAP NAP NAP
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD Dunlop Protective Footwear 120,000 100.0% 1/17/2031 NAP NAP NAP NAP
26.15 Property   1 CSTK - St. Louis, MO Central States Thermo King 56,029 100.0% 3/25/2030 NAP NAP NAP NAP
26.16 Property   1 CF Sauer - 39 S Park Dr. Sauer Brands 152,000 100.0% 7/31/2039 NAP NAP NAP NAP
26.17 Property   1 AM Castle - Wichita, KS A.M. Castle & Co 127,600 100.0% 10/31/2029 NAP NAP NAP NAP
26.18 Property   1 CF Sauer - 9 Old Mill Road Sauer Brands 80,000 100.0% 7/31/2039 NAP NAP NAP NAP
26.19 Property   1 CF Sauer - 2447 Eunice Avenue Sauer Brands 6,900 100.0% 7/31/2039 NAP NAP NAP NAP
26.20 Property   1 CF Sauer - 513 West Butler Road Sauer Brands 6,000 100.0% 7/31/2039 NAP NAP NAP NAP
27 Loan 18 1 Madison on Mercer NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza Metro Market 63,033 54.3% 12/31/2027 Dollar Tree Stores 11,095 9.6% 2/28/2026
29 Loan 37, 38 1 536 East 183rd Street NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio                
33.01 Property   1 371 Broadway Hanwha Foundation of Culture 3,662 100.0% 7/16/2034 NAP NAP NAP NAP
33.02 Property   1 1776 2nd Avenue FreeStyler Hair Salon 1,650 51.6% 9/30/2029 Able Nail & Spa 1,550 48.4% 7/31/2028
34 Loan   1 Durst CVS Columbus CVS 10,125 100.0% 1/31/2028 NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-20 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30 30 30 30 6, 30
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue The Klein Group, LLC 30,103 9.6% 4/14/2034 Abbot Capital Management 20,019 6.4% 12/31/2032
2 Loan 18, 25, 28, 38 1 City Creek Center Anthropologie 12,041 3.7% 9/30/2027 Cheesecake Factory 11,971 3.7% 1/31/2033
3 Loan 9, 10, 18 1 Showcase I Marshalls 30,624 16.9% 1/31/2029 Coca Cola 18,597 10.3% 12/31/2029
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Burlington 79,850 6.8% 1/31/2027 AMC Theatres 74,693 6.3% 12/31/2024
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio                
6.01 Property   1 Trio on Fort Street NAP NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 28 Grand Apartments NAP NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 Madison Building Rockbridge Growth Equity LLC 9,780 16.6% 12/31/2029 Buddy's Downtown Detroit, LLC 7,977 13.6% 5/31/2030
6.04 Property   1 1274 Library Street Deluxx Fluxx Detroit LLC 4,623 11.4% 8/31/2028 Gucci America Inc. 3,611 8.9% 7/31/2032
6.05 Property   1 The Ferguson Apartments NAP NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 Lofts of Merchant Row TEK-Adams Foods LLC 4,768 9.4% 8/31/2031 6 Detroit LLC 3,871 7.6% 11/30/2024
6.07 Property   1 620 and 630 Woodward Avenue NAP NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 The Globe Building F.H. Paschen, S.N. Nielson & Associates LLC 3,665 7.7% 12/31/2025 Whiting-Turner Contracting Company 2,081 4.4% 5/31/2027
6.09 Property   1 1500 Woodward Avenue Greyson Clothiers LLC 5,627 25.9% 11/30/2029 1500 Wright LLC Ret 3,107 14.3% 7/31/2029
6.10 Property   1 Fourteen56 Apartments NAP NAP NAP NAP NAP NAP NAP NAP
7 Loan 10, 12, 18 1 University Pointe NAP NAP NAP NAP NAP NAP NAP NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building Third Coast Bank  21,386 14.5% 5/31/2034 SCIF - GSS 19,962 13.5% 8/31/2043
10 Loan 9, 10, 19, 20 1 488 Madison Shawmut, Group, Inc. 27,015 5.6% 12/31/2038 Sportfive Americas LLC 18,765 3.9% 7/31/2026
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons NAP NAP NAP NAP NAP NAP NAP NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144                
12.01 Property   1 Lotus 315 NAP NAP NAP NAP NAP NAP NAP NAP
12.02 Property   1 Essence 144 NAP NAP NAP NAP NAP NAP NAP NAP
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio                
13.01 Property   1 Courtyard Marriott NAP NAP NAP NAP NAP NAP NAP NAP
13.02 Property   1 TownePlace Suites NAP NAP NAP NAP NAP NAP NAP NAP
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B                
14.01 Property   1 2001 Orville Drive North NAP NAP NAP NAP NAP NAP NAP NAP
14.02 Property   1 90 Plant Avenue Applied Technologies of New Year 9,600 12.8% 6/30/2029 NAP NAP NAP NAP
14.03 Property   1 740 Old Willets Path NAP NAP NAP NAP NAP NAP NAP NAP
14.04 Property   1 180 Orville Drive Natech Plastics 8,150 21.4% 5/31/2027 NAP NAP NAP NAP
14.05 Property   1 104 Parkway Drive South NAP NAP NAP NAP NAP NAP NAP NAP
14.06 Property   1 85 Adams Avenue NAP NAP NAP NAP NAP NAP NAP NAP
14.07 Property   1 225 Oser Avenue NAP NAP NAP NAP NAP NAP NAP NAP
14.08 Property   1 611 Old Willets Path NAP NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAP NAP NAP NAP NAP NAP NAP NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A                
16.01 Property   1 1101 Lakeland Avenue Port Brokers Inc., & Port Air Cargo 23,583 25.0% 7/31/2027 United States Postal Service 3,708 3.9% 8/31/2024
16.02 Property   1 20 Oser Avenue Art Guild of Philadelphia 7,000 16.6% 11/30/2024 NAP NAP NAP NAP
16.03 Property   1 185 Oser Avenue NAP NAP NAP NAP NAP NAP NAP NAP
16.04 Property   1 73 Oser Avenue NAP NAP NAP NAP NAP NAP NAP NAP
16.05 Property   1 135 Fell Court  NAP NAP NAP NAP NAP NAP NAP NAP
17 Loan 33, 37, 38 1 1042 President Street NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio                
19.01 Property   1 Prime Storage - Union City NAP NAP NAP NAP NAP NAP NAP NAP
19.02 Property   1 Prime Storage - Jersey City NAP NAP NAP NAP NAP NAP NAP NAP
19.03 Property   1 Prime Storage - Newark NAP NAP NAP NAP NAP NAP NAP NAP
19.04 Property   1 Prime Storage - Hoboken NAP NAP NAP NAP NAP NAP NAP NAP
19.05 Property   1 Prime Storage - Garfield NAP NAP NAP NAP NAP NAP NAP NAP
20 Loan 18, 29 1 419 Lafayette Street Icon 419 Lafayette, LLC 9,350 12.4% 7/31/2028 Baton Holdings LLC 9,350 12.4% 11/15/2025
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Corepower Yoga 9,440 5.9% 2/20/2028 Lightbox Entertainment 6,905 4.3% 11/14/2024
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Employment Development Department (EDD) 27,536 10.0% 10/31/2032 AppFolio 25,300 9.2% 1/31/2033
23 Loan   1 Exchange Plaza Octapharma Plasma 14,594 10.2% 8/31/2026 Pockets River City 14,000 9.8% 6/30/2029
24 Loan 27, 37 1 Tesla - Lake Elmo NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio                
26.01 Property   1 FCA USA - Detroit, MI NAP NAP NAP NAP NAP NAP NAP NAP
26.02 Property   1 Grupo Antolin - Shelby Township, MI NAP NAP NAP NAP NAP NAP NAP NAP
26.03 Property   1 Follett School - McHenry, IL NAP NAP NAP NAP NAP NAP NAP NAP
26.04 Property   1 Shaw Aero - Naples, FL NAP NAP NAP NAP NAP NAP NAP NAP
26.05 Property   1 Kuka - Sterling Heights, MI NAP NAP NAP NAP NAP NAP NAP NAP
26.06 Property   1 ZF Active Safety - Findlay, OH NAP NAP NAP NAP NAP NAP NAP NAP
26.07 Property   1 CF Sauer - 184 Suburban NAP NAP NAP NAP NAP NAP NAP NAP
26.08 Property   1 CF Sauer - 728 N Main St. NAP NAP NAP NAP NAP NAP NAP NAP
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA NAP NAP NAP NAP NAP NAP NAP NAP
26.10 Property   1 Hannibal - Houston, TX NAP NAP NAP NAP NAP NAP NAP NAP
26.11 Property   1 FedEx IV - Lexington, KY NAP NAP NAP NAP NAP NAP NAP NAP
26.12 Property   1 VersaFlex - Kansas City, KS NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-21 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Third Largest Tenant Third Largest Tenant SF Third Largest Tenant % of NRA Third Largest Tenant Lease Expiration Date Fourth Largest Tenant Fourth Largest Tenant SF Fourth Largest Tenant % of NRA Fourth Largest Tenant Lease Expiration Date
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30 30 30 30 6, 30
26.13 Property   1 Cott Beverage Inc - Sikeston, MO NAP NAP NAP NAP NAP NAP NAP NAP
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD NAP NAP NAP NAP NAP NAP NAP NAP
26.15 Property   1 CSTK - St. Louis, MO NAP NAP NAP NAP NAP NAP NAP NAP
26.16 Property   1 CF Sauer - 39 S Park Dr. NAP NAP NAP NAP NAP NAP NAP NAP
26.17 Property   1 AM Castle - Wichita, KS NAP NAP NAP NAP NAP NAP NAP NAP
26.18 Property   1 CF Sauer - 9 Old Mill Road NAP NAP NAP NAP NAP NAP NAP NAP
26.19 Property   1 CF Sauer - 2447 Eunice Avenue NAP NAP NAP NAP NAP NAP NAP NAP
26.20 Property   1 CF Sauer - 513 West Butler Road NAP NAP NAP NAP NAP NAP NAP NAP
27 Loan 18 1 Madison on Mercer NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza Blue Rose Studios LLC 9,066 7.8% 6/30/2028 Tap in Golf Bar 6,776 5.8% 10/31/2028
29 Loan 37, 38 1 536 East 183rd Street NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio                
33.01 Property   1 371 Broadway NAP NAP NAP NAP NAP NAP NAP NAP
33.02 Property   1 1776 2nd Avenue NAP NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Durst CVS Columbus NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-22 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30            
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Buchanan Ingersoll & Rooney 16,816 5.3% 1/31/2029 4/17/2024 NAP 4/12/2024 NAP NAP No
2 Loan 18, 25, 28, 38 1 City Creek Center Restoration Hardware 11,522 3.5% 7/31/2024 3/4/2024 NAP 3/4/2024 3/7/2024 7% No
3 Loan 9, 10, 18 1 Showcase I Showcase Food Court 14,737 8.1% 9/30/2038 4/4/2024 NAP 4/5/2024 NAP NAP No
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Dave & Buster's 61,160 5.2% 5/31/2026 3/4/2024 NAP 3/1/2024 NAP NAP No
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop NAP NAP NAP NAP 3/25/2024 NAP 3/25/2024 NAP NAP No
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio                    
6.01 Property   1 Trio on Fort Street NAP NAP NAP NAP 3/18/2024 NAP 3/13/2024 NAP NAP No
6.02 Property   1 28 Grand Apartments NAP NAP NAP NAP 3/11/2024 NAP 3/11/2024 NAP NAP No
6.03 Property   1 Madison Building Ferndale Project LLC 890 1.5% 1/31/2025 3/11/2024 NAP 3/8/2024 NAP NAP No
6.04 Property   1 1274 Library Street Library Street Collective LLC 1,354 3.3% 2/28/2031 3/11/2024 NAP 3/8/2024 NAP NAP No
6.05 Property   1 The Ferguson Apartments NAP NAP NAP NAP 3/11/2024 NAP 3/11/2024 NAP NAP No
6.06 Property   1 Lofts of Merchant Row Laughter In The Sun LLC 2,939 5.8% 11/30/2024 3/11/2024 NAP 3/8/2024 NAP NAP No
6.07 Property   1 620 and 630 Woodward Avenue NAP NAP NAP NAP 3/11/2024 NAP 3/8/2024 NAP NAP No
6.08 Property   1 The Globe Building Lord Aeck Sargent Planning & Design Inc. 1,832 3.9% 3/31/2027 3/11/2024 NAP 3/8/2024 NAP NAP No
6.09 Property   1 1500 Woodward Avenue 1500 Wright LLC Oth 615 2.8% 7/31/2029 3/11/2024 NAP 3/12/2024 NAP NAP No
6.10 Property   1 Fourteen56 Apartments NAP NAP NAP NAP 3/11/2024 NAP 3/11/2024 NAP NAP No
7 Loan 10, 12, 18 1 University Pointe NAP NAP NAP NAP 2/16/2024 NAP 2/15/2024 NAP NAP Yes - AH
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP NAP NAP 4/15/2024 NAP 4/15/2024 NAP NAP No
9 Loan 18, 23, 29, 36 1 The Light Building Namauu Corp dba LevelUp 18,830 12.8% 5/31/2028 6/19/2023 NAP 6/16/2023 NAP NAP No
10 Loan 9, 10, 19, 20 1 488 Madison Shanholt Glassman Klein Kramer & Co. CPA'S P.C. 16,648 3.5% 9/30/2033 4/2/2024 NAP 4/2/2024 NAP NAP No
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons NAP NAP NAP NAP 1/19/2024 NAP 1/19/2024 1/19/2024 7% No
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144                    
12.01 Property   1 Lotus 315 NAP NAP NAP NAP 5/2/2024 NAP 5/2/2024 NAP NAP No
12.02 Property   1 Essence 144 NAP NAP NAP NAP 5/2/2024 NAP 5/2/2024 NAP NAP No
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio                    
13.01 Property   1 Courtyard Marriott NAP NAP NAP NAP 1/19/2024 NAP 1/19/2024 NAP NAP No
13.02 Property   1 TownePlace Suites NAP NAP NAP NAP 1/19/2024 NAP 1/19/2024 NAP NAP No
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B                    
14.01 Property   1 2001 Orville Drive North NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
14.02 Property   1 90 Plant Avenue NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
14.03 Property   1 740 Old Willets Path NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
14.04 Property   1 180 Orville Drive NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
14.05 Property   1 104 Parkway Drive South NAP NAP NAP NAP 4/29/2024 NAP 4/26/2024 NAP NAP No
14.06 Property   1 85 Adams Avenue NAP NAP NAP NAP 4/26/2024 NAP 5/1/2024 NAP NAP No
14.07 Property   1 225 Oser Avenue NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
14.08 Property   1 611 Old Willets Path NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAP NAP NAP NAP 3/13/2024 NAP 3/14/2024 3/13/2024 16% No
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A                    
16.01 Property   1 1101 Lakeland Avenue NAP NAP NAP NAP 4/25/2024 NAP 4/25/2024 NAP NAP No
16.02 Property   1 20 Oser Avenue NAP NAP NAP NAP 4/26/2024 NAP 5/1/2024 NAP NAP No
16.03 Property   1 185 Oser Avenue NAP NAP NAP NAP 4/26/2024 NAP 4/26/2024 NAP NAP No
16.04 Property   1 73 Oser Avenue NAP NAP NAP NAP 4/25/2024 NAP 4/25/2024 NAP NAP No
16.05 Property   1 135 Fell Court  NAP NAP NAP NAP 4/26/2024 NAP 5/1/2024 NAP NAP No
17 Loan 33, 37, 38 1 1042 President Street NAP NAP NAP NAP 2/23/2024 NAP 2/23/2024 NAP NAP No
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP NAP NAP 4/4/2024 NAP 4/18/2024 NAP NAP No
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio                    
19.01 Property   1 Prime Storage - Union City NAP NAP NAP NAP 1/12/2024 NAP 1/16/2024 NAP NAP No
19.02 Property   1 Prime Storage - Jersey City NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP No
19.03 Property   1 Prime Storage - Newark NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP No
19.04 Property   1 Prime Storage - Hoboken NAP NAP NAP NAP 1/16/2024 NAP 1/16/2024 NAP NAP Yes - AE
19.05 Property   1 Prime Storage - Garfield NAP NAP NAP NAP 1/12/2024 NAP 1/12/2024 NAP NAP Yes - AE
20 Loan 18, 29 1 419 Lafayette Street Barking Labs Corp. 9,350 12.4% 5/31/2025 4/9/2024 NAP 4/9/2024 NAP NAP No
21 Loan 12, 18, 19, 29 1 3575 Cahuenga C Library Inc 6,637 4.2% 11/30/2038 7/20/2023 NAP 7/19/2023 7/19/2023 14% No
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Sunroad Asset Management 24,879 9.1% 4/30/2032 7/27/2023 NAP 7/27/2023 7/27/2023 6% No
23 Loan   1 Exchange Plaza Jason's Deli 4,896 3.4% 12/31/2025 3/15/2024 NAP 3/15/2024 NAP NAP No
24 Loan 27, 37 1 Tesla - Lake Elmo NAP NAP NAP NAP 3/26/2024 NAP 3/21/2024 NAP NAP No
25 Loan 18 1 Lauretta Landing NAP NAP NAP NAP 4/16/2024 NAP 4/17/2024 4/16/2024 5% No
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio                    
26.01 Property   1 FCA USA - Detroit, MI NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.02 Property   1 Grupo Antolin - Shelby Township, MI NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.03 Property   1 Follett School - McHenry, IL NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.04 Property   1 Shaw Aero - Naples, FL NAP NAP NAP NAP 3/8/2024 NAP 3/6/2024 NAP NAP Yes - AE
26.05 Property   1 Kuka - Sterling Heights, MI NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.06 Property   1 ZF Active Safety - Findlay, OH NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.07 Property   1 CF Sauer - 184 Suburban NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 3/6/2024 13% No
26.08 Property   1 CF Sauer - 728 N Main St. NAP NAP NAP NAP 3/26/2024 NAP 3/13/2024 NAP NAP No
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.10 Property   1 Hannibal - Houston, TX NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.11 Property   1 FedEx IV - Lexington, KY NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.12 Property   1 VersaFlex - Kansas City, KS NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No

 

 A-1-23 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Fifth Largest Tenant Fifth Largest Tenant SF Fifth Largest Tenant % of NRA Fifth Largest Tenant Lease Expiration Date Environmental Phase I Report Date Environmental Phase II Report Date Engineering Report Date Seismic Report Date PML or SEL (%) Flood Zone
          28, 29, 30 28, 29, 30 28, 29, 30 6, 28, 29, 30            
26.13 Property   1 Cott Beverage Inc - Sikeston, MO NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 3/6/2024 13% No
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.15 Property   1 CSTK - St. Louis, MO NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.16 Property   1 CF Sauer - 39 S Park Dr. NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.17 Property   1 AM Castle - Wichita, KS NAP NAP NAP NAP 3/26/2024 NAP 3/6/2024 NAP NAP No
26.18 Property   1 CF Sauer - 9 Old Mill Road NAP NAP NAP NAP 3/15/2024 NAP 3/6/2024 NAP NAP No
26.19 Property   1 CF Sauer - 2447 Eunice Avenue NAP NAP NAP NAP 3/6/2024 NAP 3/6/2024 NAP NAP No
26.20 Property   1 CF Sauer - 513 West Butler Road NAP NAP NAP NAP 3/5/2024 NAP 3/6/2024 NAP NAP No
27 Loan 18 1 Madison on Mercer NAP NAP NAP NAP 4/29/2024 NAP 4/29/2024 NAP NAP No
28 Loan 33 1 Silvernail Plaza Fredrick's Hallmark 6,400 5.5% 7/31/2027 5/21/2024 NAP 5/21/2024 NAP NAP No
29 Loan 37, 38 1 536 East 183rd Street NAP NAP NAP NAP 4/23/2024 NAP 4/23/2024 NAP NAP No
30 Loan 37 1 302 Graham Avenue NAP NAP NAP NAP 4/15/2024 NAP 4/15/2024 NAP NAP No
31 Loan   1 Woodbury Gardens NAP NAP NAP NAP 4/11/2024 NAP 4/11/2024 NAP NAP No
32 Loan   1 49 South Clinton Street NAP NAP NAP NAP 5/6/2024 NAP 5/6/2024 NAP NAP No
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio                    
33.01 Property   1 371 Broadway NAP NAP NAP NAP 12/28/2023 NAP 12/28/2023 NAP NAP No
33.02 Property   1 1776 2nd Avenue NAP NAP NAP NAP 1/5/2024 NAP 12/28/2023 NAP NAP No
34 Loan   1 Durst CVS Columbus NAP NAP NAP NAP 3/21/2024 NAP 3/21/2024 NAP NAP No
35 Loan 9 1 3533 Barnes NAP NAP NAP NAP 2/20/2024 NAP 2/19/2024 NAP NAP No

 

 A-1-24 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($)
          26 26 26 26 26        
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Fee / Leasehold 7/31/2070 None 1 No 0 Springing 0 Springing
2 Loan 18, 25, 28, 38 1 City Creek Center Fee / Leasehold 3/21/2042 4, 10-year extension options 1,000,000 No 0 Springing 0 Springing
3 Loan 9, 10, 18 1 Showcase I Fee NAP NAP NAP NAP 363,322 121,107 0 Springing
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Fee NAP NAP NAP NAP 831,404 103,926 0 Springing
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop Fee NAP NAP NAP NAP 223,655 44,731 307,362 30,736
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio           0 Springing 0 Springing
6.01 Property   1 Trio on Fort Street Fee NAP NAP NAP NAP        
6.02 Property   1 28 Grand Apartments Fee NAP NAP NAP NAP        
6.03 Property   1 Madison Building Fee NAP NAP NAP NAP        
6.04 Property   1 1274 Library Street Fee NAP NAP NAP NAP        
6.05 Property   1 The Ferguson Apartments Fee NAP NAP NAP NAP        
6.06 Property   1 Lofts of Merchant Row Fee NAP NAP NAP NAP        
6.07 Property   1 620 and 630 Woodward Avenue Fee NAP NAP NAP NAP        
6.08 Property   1 The Globe Building Fee NAP NAP NAP NAP        
6.09 Property   1 1500 Woodward Avenue Fee NAP NAP NAP NAP        
6.10 Property   1 Fourteen56 Apartments Fee NAP NAP NAP NAP        
7 Loan 10, 12, 18 1 University Pointe Fee NAP NAP NAP NAP 581,528 145,382 633,393 70,377
8 Loan 18, 37, 38 1 Soldier Hill Commons Fee NAP NAP NAP NAP 95,025 47,513 108,318 12,035
9 Loan 18, 23, 29, 36 1 The Light Building Fee NAP NAP NAP NAP 66,789 66,789 0 Springing
10 Loan 9, 10, 19, 20 1 488 Madison Fee NAP NAP NAP NAP 3,230,895 538,482 0 Springing
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Fee NAP NAP NAP NAP 0 Springing 0 Springing
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144           116,278 58,139 38,489 6,415
12.01 Property   1 Lotus 315 Fee NAP NAP NAP NAP        
12.02 Property   1 Essence 144 Fee NAP NAP NAP NAP        
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio           196,381 39,276 138,972 27,794
13.01 Property   1 Courtyard Marriott Leasehold 9/12/2045 2, 10-year extension options 326,003 No        
13.02 Property   1 TownePlace Suites Leasehold 9/12/2045 2, 10-year extension options 242,515 No        
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B           81,966 40,983 0 Springing
14.01 Property   1 2001 Orville Drive North Fee NAP NAP NAP NAP        
14.02 Property   1 90 Plant Avenue Fee NAP NAP NAP NAP        
14.03 Property   1 740 Old Willets Path Fee NAP NAP NAP NAP        
14.04 Property   1 180 Orville Drive Fee NAP NAP NAP NAP        
14.05 Property   1 104 Parkway Drive South Fee NAP NAP NAP NAP        
14.06 Property   1 85 Adams Avenue Fee NAP NAP NAP NAP        
14.07 Property   1 225 Oser Avenue Fee NAP NAP NAP NAP        
14.08 Property   1 611 Old Willets Path Fee NAP NAP NAP NAP        
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills Leasehold 7/31/2088 None 2,310,744 No 296,870 74,218 0 Springing
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A           82,766 41,383 0 Springing
16.01 Property   1 1101 Lakeland Avenue Fee NAP NAP NAP NAP        
16.02 Property   1 20 Oser Avenue Fee NAP NAP NAP NAP        
16.03 Property   1 185 Oser Avenue Fee NAP NAP NAP NAP        
16.04 Property   1 73 Oser Avenue Fee NAP NAP NAP NAP        
16.05 Property   1 135 Fell Court  Fee NAP NAP NAP NAP        
17 Loan 33, 37, 38 1 1042 President Street Fee NAP NAP NAP NAP 200,808 Springing 30,918 2,773
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments Fee NAP NAP NAP NAP 0 12,677 5,785 5,785
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio           164,323 82,162 12,388 1,548
19.01 Property   1 Prime Storage - Union City Fee NAP NAP NAP NAP        
19.02 Property   1 Prime Storage - Jersey City Fee NAP NAP NAP NAP        
19.03 Property   1 Prime Storage - Newark Fee NAP NAP NAP NAP        
19.04 Property   1 Prime Storage - Hoboken Fee NAP NAP NAP NAP        
19.05 Property   1 Prime Storage - Garfield Fee NAP NAP NAP NAP        
20 Loan 18, 29 1 419 Lafayette Street Fee NAP NAP NAP NAP 0 71,161 24,242 4,848
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Fee NAP NAP NAP NAP 188,921 40,626 0 Springing
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Fee NAP NAP NAP NAP 133,544 66,772 0 Springing
23 Loan   1 Exchange Plaza Fee NAP NAP NAP NAP 208,428 26,054 0 Springing
24 Loan 27, 37 1 Tesla - Lake Elmo Fee NAP NAP NAP NAP 0 Springing 0 Springing
25 Loan 18 1 Lauretta Landing Fee NAP NAP NAP NAP 55,466 18,489 1,746 873
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio           376,843 94,211 0 Springing
26.01 Property   1 FCA USA - Detroit, MI Fee NAP NAP NAP NAP        
26.02 Property   1 Grupo Antolin - Shelby Township, MI Fee NAP NAP NAP NAP        
26.03 Property   1 Follett School - McHenry, IL Fee NAP NAP NAP NAP        
26.04 Property   1 Shaw Aero - Naples, FL Fee NAP NAP NAP NAP        
26.05 Property   1 Kuka - Sterling Heights, MI Fee NAP NAP NAP NAP        
26.06 Property   1 ZF Active Safety - Findlay, OH Fee NAP NAP NAP NAP        
26.07 Property   1 CF Sauer - 184 Suburban Fee NAP NAP NAP NAP        
26.08 Property   1 CF Sauer - 728 N Main St. Fee NAP NAP NAP NAP        
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA Fee NAP NAP NAP NAP        
26.10 Property   1 Hannibal - Houston, TX Fee NAP NAP NAP NAP        
26.11 Property   1 FedEx IV - Lexington, KY Fee NAP NAP NAP NAP        
26.12 Property   1 VersaFlex - Kansas City, KS Fee NAP NAP NAP NAP        

 

 A-1-25 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Ownership Interest Ground Lease Expiration Date Ground Lease Extension Terms Annual Ground Lease Payment as of the Cut-off Date ($) Annual Ground Rent Increases (Y/N) Upfront RE Tax Reserve ($) Monthly RE Tax Reserve ($) Upfront Insurance Reserve ($) Monthly Insurance Reserve ($)
          26 26 26 26 26        
26.13 Property   1 Cott Beverage Inc - Sikeston, MO Fee NAP NAP NAP NAP        
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD Fee NAP NAP NAP NAP        
26.15 Property   1 CSTK - St. Louis, MO Fee NAP NAP NAP NAP        
26.16 Property   1 CF Sauer - 39 S Park Dr. Fee NAP NAP NAP NAP        
26.17 Property   1 AM Castle - Wichita, KS Fee NAP NAP NAP NAP        
26.18 Property   1 CF Sauer - 9 Old Mill Road Fee NAP NAP NAP NAP        
26.19 Property   1 CF Sauer - 2447 Eunice Avenue Fee NAP NAP NAP NAP        
26.20 Property   1 CF Sauer - 513 West Butler Road Fee NAP NAP NAP NAP        
27 Loan 18 1 Madison on Mercer Fee NAP NAP NAP NAP 37,906 4,738 26,422 8,807
28 Loan 33 1 Silvernail Plaza Fee NAP NAP NAP NAP 16,536 16,536 0 Springing
29 Loan 37, 38 1 536 East 183rd Street Fee NAP NAP NAP NAP 38,564 38,564 6,511 2,170
30 Loan 37 1 302 Graham Avenue Fee NAP NAP NAP NAP 6,855 6,855 2,875 719
31 Loan   1 Woodbury Gardens Fee NAP NAP NAP NAP 197,491 32,915 35,258 4,407
32 Loan   1 49 South Clinton Street Fee NAP NAP NAP NAP 14,553 14,553 0 Springing
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio           42,066 8,413 16,261 2,033
33.01 Property   1 371 Broadway Fee NAP NAP NAP NAP        
33.02 Property   1 1776 2nd Avenue Fee NAP NAP NAP NAP        
34 Loan   1 Durst CVS Columbus Fee NAP NAP NAP NAP 0 Springing 0 Springing
35 Loan 9 1 3533 Barnes Fee NAP NAP NAP NAP 2,661 665 5,854 1,171

 

 A-1-26 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
                                 
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 0 Springing 195,217 1,567,900 500,000 15,000,000 0 0 0 0 1,648,112 0
2 Loan 18, 25, 28, 38 1 City Creek Center 0 Springing 0 0 28,516 684,392 0 0 0 0 3,361,256 0
3 Loan 9, 10, 18 1 Showcase I 2,261 2,261 0 15,071 15,071 542,544 0 0 0 0 14,402,888 0
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 0 98,215 0 0 179,816 0 0 0 0 44,500 2,943,758 0
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 0 65,049 0 0 0 0 0 0 0 166,654 0 273,311
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 0 16,708 0 0 75,000 3,000,000 0 0 0 0 0 0
6.01 Property   1 Trio on Fort Street                        
6.02 Property   1 28 Grand Apartments                        
6.03 Property   1 Madison Building                        
6.04 Property   1 1274 Library Street                        
6.05 Property   1 The Ferguson Apartments                        
6.06 Property   1 Lofts of Merchant Row                        
6.07 Property   1 620 and 630 Woodward Avenue                        
6.08 Property   1 The Globe Building                        
6.09 Property   1 1500 Woodward Avenue                        
6.10 Property   1 Fourteen56 Apartments                        
7 Loan 10, 12, 18 1 University Pointe 0 5,595 0 0 2,579 0 0 0 0 0 0 0
8 Loan 18, 37, 38 1 Soldier Hill Commons 0 3,542 0 0 0 0 0 0 0 0 0 0
9 Loan 18, 23, 29, 36 1 The Light Building 0 86 4,550 0 Springing 0 0 0 0 2,438 901,210 0
10 Loan 9, 10, 19, 20 1 488 Madison 0 7,979 95,753 0 112,153 2,691,664 0 0 0 0 23,067,086 Springing
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 0 4,922 0 0 Springing 0 0 0 0 8,750 26,890 Springing
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 0 8,537 0 0 1,350 0 0 0 0 0 1,225,000 0
12.01 Property   1 Lotus 315                        
12.02 Property   1 Essence 144                        
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 0 47,376 0 0 0 0 0 0 0 19,000 3,953,231 181,600
13.01 Property   1 Courtyard Marriott                        
13.02 Property   1 TownePlace Suites                        
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 0 5,183 186,575 292,823 Springing 219,618 0 0 0 52,041 0 0
14.01 Property   1 2001 Orville Drive North                        
14.02 Property   1 90 Plant Avenue                        
14.03 Property   1 740 Old Willets Path                        
14.04 Property   1 180 Orville Drive                        
14.05 Property   1 104 Parkway Drive South                        
14.06 Property   1 85 Adams Avenue                        
14.07 Property   1 225 Oser Avenue                        
14.08 Property   1 611 Old Willets Path                        
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 1,437 1,437 51,740 9,582 9,582 344,934 0 0 0 0 577,686 Springing
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 200,000 Springing 200,000 162,239 Springing 162,120 0 0 0 81,015 86,926 0
16.01 Property   1 1101 Lakeland Avenue                        
16.02 Property   1 20 Oser Avenue                        
16.03 Property   1 185 Oser Avenue                        
16.04 Property   1 73 Oser Avenue                        
16.05 Property   1 135 Fell Court                         
17 Loan 33, 37, 38 1 1042 President Street 55,000 Springing 55,000 0 0 0 0 0 0 0 56,046 0
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 0 2,229 0 0 0 0 0 0 0 33,531 0 0
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 0 2,709 0 0 0 0 0 0 0 3,451,442 0 Springing
19.01 Property   1 Prime Storage - Union City                        
19.02 Property   1 Prime Storage - Jersey City                        
19.03 Property   1 Prime Storage - Newark                        
19.04 Property   1 Prime Storage - Hoboken                        
19.05 Property   1 Prime Storage - Garfield                        
20 Loan 18, 29 1 419 Lafayette Street 0 1,260 0 0 6,250 0 0 0 0 63,125 69,184 Springing
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 0 2,648 0 170,880 19,861 0 0 0 0 0 326,528 13,241
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 274,758 Springing 274,758 0 0 0 0 0 0 0 6,166,026 0
23 Loan   1 Exchange Plaza 0 4,371 0 0 11,955 286,908 0 0 0 113,063 80,565 0
24 Loan 27, 37 1 Tesla - Lake Elmo 40,000 Springing 0 0 Springing 0 0 0 0 0 0 0
25 Loan 18 1 Lauretta Landing 0 500 0 0 0 0 0 0 0 0 0 0
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 0 Springing 0 0 Springing 0 0 0 0 0 1,634,412 0
26.01 Property   1 FCA USA - Detroit, MI                        
26.02 Property   1 Grupo Antolin - Shelby Township, MI                        
26.03 Property   1 Follett School - McHenry, IL                        
26.04 Property   1 Shaw Aero - Naples, FL                        
26.05 Property   1 Kuka - Sterling Heights, MI                        
26.06 Property   1 ZF Active Safety - Findlay, OH                        
26.07 Property   1 CF Sauer - 184 Suburban                        
26.08 Property   1 CF Sauer - 728 N Main St.                        
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA                        
26.10 Property   1 Hannibal - Houston, TX                        
26.11 Property   1 FedEx IV - Lexington, KY                        
26.12 Property   1 VersaFlex - Kansas City, KS                        

 

 A-1-27 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Upfront Replacement / PIP Reserve ($) Monthly Replacement / FF&E Reserve ($) Replacement Reserve Caps ($) Upfront TI/LC Reserve ($) Monthly TI/LC Reserve ($) TI/LC Caps ($) Upfront Debt Service Reserve ($) Monthly Debt Service Reserve ($) Debt Service Reserve Cap ($) Upfront Deferred Maintenance Reserve ($) Upfront Other Reserve ($) Monthly Other Reserve ($)
                                 
26.13 Property   1 Cott Beverage Inc - Sikeston, MO                        
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD                        
26.15 Property   1 CSTK - St. Louis, MO                        
26.16 Property   1 CF Sauer - 39 S Park Dr.                        
26.17 Property   1 AM Castle - Wichita, KS                        
26.18 Property   1 CF Sauer - 9 Old Mill Road                        
26.19 Property   1 CF Sauer - 2447 Eunice Avenue                        
26.20 Property   1 CF Sauer - 513 West Butler Road                        
27 Loan 18 1 Madison on Mercer 0 2,771 0 0 0 0 0 0 0 57,869 0 0
28 Loan 33 1 Silvernail Plaza 144,441 1,452 0 200,000 Springing 200,000 0 0 0 6,250 72,755 0
29 Loan 37, 38 1 536 East 183rd Street 0 792 0 0 0 0 0 0 0 0 440,732 0
30 Loan 37 1 302 Graham Avenue 0 208 0 0 0 0 0 0 0 0 0 0
31 Loan   1 Woodbury Gardens 0 2,075 0 0 0 0 0 0 0 32,500 0 0
32 Loan   1 49 South Clinton Street 0 1,104 0 0 0 0 0 0 0 0 0 0
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 0 114 0 119,236 1,001 60,000 0 0 0 0 170,154 4,528
33.01 Property   1 371 Broadway                        
33.02 Property   1 1776 2nd Avenue                        
34 Loan   1 Durst CVS Columbus 0 Springing 0 0 0 0 0 0 0 0 0 0
35 Loan 9 1 3533 Barnes 0 208 0 0 0 0 0 0 0 10,000 0 0

 

 A-1-28 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Description Other Reserve Cap ($)
             
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Free Rent Reserve 0
2 Loan 18, 25, 28, 38 1 City Creek Center Unfunded TI/LC Reserve ($2,236,955); Gap Rent Reserve ($1,124,300.71) 0
3 Loan 9, 10, 18 1 Showcase I Unfunded M&M TI Obligations Reserve ($12,000,000), Unfunded M&M Free Rent Obligations Reserve ($2,152,888), Unfunded Obligations Reserve ($250,000) 0
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills AMC Reserve ($1,867,325), Outstanding TI/LC Reserve ($1,059,738), Gap Rent Reserve ($16,695) 0
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop HMA Reserve (Monthly: $190,940.22), Put Price Reserve (Monthly: $82,371.04), Seasonality Reserve (Monthly: Springing, Cap: $1,200,000) 1,200,000
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio NAP 0
6.01 Property   1 Trio on Fort Street    
6.02 Property   1 28 Grand Apartments    
6.03 Property   1 Madison Building    
6.04 Property   1 1274 Library Street    
6.05 Property   1 The Ferguson Apartments    
6.06 Property   1 Lofts of Merchant Row    
6.07 Property   1 620 and 630 Woodward Avenue    
6.08 Property   1 The Globe Building    
6.09 Property   1 1500 Woodward Avenue    
6.10 Property   1 Fourteen56 Apartments    
7 Loan 10, 12, 18 1 University Pointe NAP 0
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP 0
9 Loan 18, 23, 29, 36 1 The Light Building Unfunded Obligations Reserve 0
10 Loan 9, 10, 19, 20 1 488 Madison ADNY Rollover Reserve (Upfront: $22,481,687), Alvarez & Marsal Reserve Funds (Upfront: $585,399), Condominium Reserve (Monthly: Springing) 0
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Prepaid Rent Reserve (Upfront: $26,889.94), 10x Genomics Renewal Reserve (Monthly: Springing, Cap: $8,250,000) 8,250,000
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 Holdback Reserve (Upfront: $1,000,000), Free Rent Reserve (Upfront: $141,750), Gap Rent Reserve (Upfront: $83,250) 0
12.01 Property   1 Lotus 315    
12.02 Property   1 Essence 144    
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio PIP Reserve - Courtyard (Upfront: $2,470,000, Monthly: $81,366.67), TRIP Reserve - TownPlace (Upfront: $1,390,000, Monthly: $46,202.67), Ground Rent Reserve (Upfront: $93,231.08), Seasonality Reserve (Monthly: $44,030.23), Future PIP Reserve (Monthly: $10,000) 0
13.01 Property   1 Courtyard Marriott    
13.02 Property   1 TownePlace Suites    
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B NAP 0
14.01 Property   1 2001 Orville Drive North    
14.02 Property   1 90 Plant Avenue    
14.03 Property   1 740 Old Willets Path    
14.04 Property   1 180 Orville Drive    
14.05 Property   1 104 Parkway Drive South    
14.06 Property   1 85 Adams Avenue    
14.07 Property   1 225 Oser Avenue    
14.08 Property   1 611 Old Willets Path    
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills Ground Lease Reserve 577,686
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A Unfunded Obligations Reserve 0
16.01 Property   1 1101 Lakeland Avenue    
16.02 Property   1 20 Oser Avenue    
16.03 Property   1 185 Oser Avenue    
16.04 Property   1 73 Oser Avenue    
16.05 Property   1 135 Fell Court     
17 Loan 33, 37, 38 1 1042 President Street Rent Reserve 0
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP 0
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio Debt Service Coverage Ratio Cure Reserve 0
19.01 Property   1 Prime Storage - Union City    
19.02 Property   1 Prime Storage - Jersey City    
19.03 Property   1 Prime Storage - Newark    
19.04 Property   1 Prime Storage - Hoboken    
19.05 Property   1 Prime Storage - Garfield    
20 Loan 18, 29 1 419 Lafayette Street Free Rent Reserve 0
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Rent Concession Reserve (Upfront: $326,527.53), Advanced Digital Services Reserve (Monthly: $13,241) 0
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Unfunded Obligations Reserve 0
23 Loan   1 Exchange Plaza Unfunded Obligations Reserve ($69,720); Gap Rent Reserve ($10,845.32) 0
24 Loan 27, 37 1 Tesla - Lake Elmo NAP 0
25 Loan 18 1 Lauretta Landing NAP 0
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio Follet Replacement Work Reserve ($741,402.50), Free Rent Reserve ($553,119), Cott Beverage Concrete Work Reserve ($230,000), Outstanding TI/LC Reserve ($109,890) 0
26.01 Property   1 FCA USA - Detroit, MI    
26.02 Property   1 Grupo Antolin - Shelby Township, MI    
26.03 Property   1 Follett School - McHenry, IL    
26.04 Property   1 Shaw Aero - Naples, FL    
26.05 Property   1 Kuka - Sterling Heights, MI    
26.06 Property   1 ZF Active Safety - Findlay, OH    
26.07 Property   1 CF Sauer - 184 Suburban    
26.08 Property   1 CF Sauer - 728 N Main St.    
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA    
26.10 Property   1 Hannibal - Houston, TX    
26.11 Property   1 FedEx IV - Lexington, KY    
26.12 Property   1 VersaFlex - Kansas City, KS    

 

 A-1-29 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Other Reserve Description Other Reserve Cap ($)
             
26.13 Property   1 Cott Beverage Inc - Sikeston, MO    
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD    
26.15 Property   1 CSTK - St. Louis, MO    
26.16 Property   1 CF Sauer - 39 S Park Dr.    
26.17 Property   1 AM Castle - Wichita, KS    
26.18 Property   1 CF Sauer - 9 Old Mill Road    
26.19 Property   1 CF Sauer - 2447 Eunice Avenue    
26.20 Property   1 CF Sauer - 513 West Butler Road    
27 Loan 18 1 Madison on Mercer NAP 0
28 Loan 33 1 Silvernail Plaza Outstanding TI Reserve  0
29 Loan 37, 38 1 536 East 183rd Street Section 421-a Reserve 0
30 Loan 37 1 302 Graham Avenue NAP 0
31 Loan   1 Woodbury Gardens NAP 0
32 Loan   1 49 South Clinton Street NAP 0
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio Gap Rent Reserve (Upfront: $99,000), Free Rent Reserve (Upfront: $69,666.63), Hanwha LOC Reserve (Upfront: $1,487.50), Common Charges Reserve (Monthly: $4,528.17) 0
33.01 Property   1 371 Broadway    
33.02 Property   1 1776 2nd Avenue    
34 Loan   1 Durst CVS Columbus NAP 0
35 Loan 9 1 3533 Barnes NAP 0

 

 A-1-30 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Holdback/ Earnout Amount ($) Holdback/ Earnout Description
             
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 0 NAP
2 Loan 18, 25, 28, 38 1 City Creek Center 0 NAP
3 Loan 9, 10, 18 1 Showcase I 0 NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 0 NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 0 NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 0 NAP
6.01 Property   1 Trio on Fort Street    
6.02 Property   1 28 Grand Apartments    
6.03 Property   1 Madison Building    
6.04 Property   1 1274 Library Street    
6.05 Property   1 The Ferguson Apartments    
6.06 Property   1 Lofts of Merchant Row    
6.07 Property   1 620 and 630 Woodward Avenue    
6.08 Property   1 The Globe Building    
6.09 Property   1 1500 Woodward Avenue    
6.10 Property   1 Fourteen56 Apartments    
7 Loan 10, 12, 18 1 University Pointe 0 NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons 0 NAP
9 Loan 18, 23, 29, 36 1 The Light Building 0 NAP
10 Loan 9, 10, 19, 20 1 488 Madison 0 NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 0 NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 1,000,000 The borrowers shall deposit into an eligible account upon loan origination. The lender must disburse upon (i) no Event of Default has occurred and is continuing and (ii) Lender has received evidence, in form and substance reasonably satisfactory to Lender, that the Debt Yield equals or exceeds 8.15%.
12.01 Property   1 Lotus 315    
12.02 Property   1 Essence 144    
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 0 NAP
13.01 Property   1 Courtyard Marriott    
13.02 Property   1 TownePlace Suites    
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 0 NAP
14.01 Property   1 2001 Orville Drive North    
14.02 Property   1 90 Plant Avenue    
14.03 Property   1 740 Old Willets Path    
14.04 Property   1 180 Orville Drive    
14.05 Property   1 104 Parkway Drive South    
14.06 Property   1 85 Adams Avenue    
14.07 Property   1 225 Oser Avenue    
14.08 Property   1 611 Old Willets Path    
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 0 NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A 0 NAP
16.01 Property   1 1101 Lakeland Avenue    
16.02 Property   1 20 Oser Avenue    
16.03 Property   1 185 Oser Avenue    
16.04 Property   1 73 Oser Avenue    
16.05 Property   1 135 Fell Court     
17 Loan 33, 37, 38 1 1042 President Street 0 NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments 0 NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio 0 NAP
19.01 Property   1 Prime Storage - Union City    
19.02 Property   1 Prime Storage - Jersey City    
19.03 Property   1 Prime Storage - Newark    
19.04 Property   1 Prime Storage - Hoboken    
19.05 Property   1 Prime Storage - Garfield    
20 Loan 18, 29 1 419 Lafayette Street 0 NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga 0 NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum 0 NAP
23 Loan   1 Exchange Plaza 0 NAP
24 Loan 27, 37 1 Tesla - Lake Elmo 0 NAP
25 Loan 18 1 Lauretta Landing 0 NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio 0 NAP
26.01 Property   1 FCA USA - Detroit, MI    
26.02 Property   1 Grupo Antolin - Shelby Township, MI    
26.03 Property   1 Follett School - McHenry, IL    
26.04 Property   1 Shaw Aero - Naples, FL    
26.05 Property   1 Kuka - Sterling Heights, MI    
26.06 Property   1 ZF Active Safety - Findlay, OH    
26.07 Property   1 CF Sauer - 184 Suburban    
26.08 Property   1 CF Sauer - 728 N Main St.    
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA    
26.10 Property   1 Hannibal - Houston, TX    
26.11 Property   1 FedEx IV - Lexington, KY    
26.12 Property   1 VersaFlex - Kansas City, KS    

 

 A-1-31 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Holdback/ Earnout Amount ($) Holdback/ Earnout Description
             
26.13 Property   1 Cott Beverage Inc - Sikeston, MO    
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD    
26.15 Property   1 CSTK - St. Louis, MO    
26.16 Property   1 CF Sauer - 39 S Park Dr.    
26.17 Property   1 AM Castle - Wichita, KS    
26.18 Property   1 CF Sauer - 9 Old Mill Road    
26.19 Property   1 CF Sauer - 2447 Eunice Avenue    
26.20 Property   1 CF Sauer - 513 West Butler Road    
27 Loan 18 1 Madison on Mercer 0 NAP
28 Loan 33 1 Silvernail Plaza 0 NAP
29 Loan 37, 38 1 536 East 183rd Street 0 NAP
30 Loan 37 1 302 Graham Avenue 0 NAP
31 Loan   1 Woodbury Gardens 0 NAP
32 Loan   1 49 South Clinton Street 0 NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio 0 NAP
33.01 Property   1 371 Broadway    
33.02 Property   1 1776 2nd Avenue    
34 Loan   1 Durst CVS Columbus 0 NAP
35 Loan 9 1 3533 Barnes 0 NAP

 

 A-1-32 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($)
          16 17                
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Hard In Place Yes Yes Yes No 97,100,000 202,900,000 1,338,265.64 1,978,707.20
2 Loan 18, 25, 28, 38 1 City Creek Center Hard Springing Yes No No NAP NAP NAP NAP NAP
3 Loan 9, 10, 18 1 Showcase I Hard Springing Yes No Yes No 69,500,000 100,000,000 537,361.11 910,827.08
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Hard Springing Yes Yes No NAP NAP NAP NAP NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop Hard Springing Yes No No NAP NAP NAP NAP NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio Hard (Commercial Properties); Springing (Multifamily Properties) Springing Yes Yes Yes Yes 55,000,000 20,000,000 107,894.67 404,605.03
6.01 Property   1 Trio on Fort Street                    
6.02 Property   1 28 Grand Apartments                    
6.03 Property   1 Madison Building                    
6.04 Property   1 1274 Library Street                    
6.05 Property   1 The Ferguson Apartments                    
6.06 Property   1 Lofts of Merchant Row                    
6.07 Property   1 620 and 630 Woodward Avenue                    
6.08 Property   1 The Globe Building                    
6.09 Property   1 1500 Woodward Avenue                    
6.10 Property   1 Fourteen56 Apartments                    
7 Loan 10, 12, 18 1 University Pointe Springing Springing Yes Yes Yes Yes 50,000,000 35,850,000 202,942.54 485,986.52
8 Loan 18, 37, 38 1 Soldier Hill Commons Springing Springing Yes No No NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building Springing Springing Yes Yes No NAP NAP NAP NAP NAP
10 Loan 9, 10, 19, 20 1 488 Madison Hard In Place Yes Yes Yes No 40,000,000 60,000,000 348,879.17 581,465.28
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Springing Springing Yes Yes Yes Yes 37,100,000 28,700,000 188,656.00 432,528.38
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 Springing Springing Yes No Yes No 36,100,000 50,000,000 271,215.28 467,032.71
12.01 Property   1 Lotus 315                    
12.02 Property   1 Essence 144                    
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio Hard  Springing Yes No No NAP NAP NAP NAP NAP
13.01 Property   1 Courtyard Marriott                    
13.02 Property   1 TownePlace Suites                    
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B Springing Springing Yes Yes No NAP NAP NAP NAP NAP
14.01 Property   1 2001 Orville Drive North                    
14.02 Property   1 90 Plant Avenue                    
14.03 Property   1 740 Old Willets Path                    
14.04 Property   1 180 Orville Drive                    
14.05 Property   1 104 Parkway Drive South                    
14.06 Property   1 85 Adams Avenue                    
14.07 Property   1 225 Oser Avenue                    
14.08 Property   1 611 Old Willets Path                    
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills Hard Springing No Yes Yes No 28,635,000 61,365,000 397,309.25 582,707.29
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A Springing Springing Yes No No NAP NAP NAP NAP NAP
16.01 Property   1 1101 Lakeland Avenue                    
16.02 Property   1 20 Oser Avenue                    
16.03 Property   1 185 Oser Avenue                    
16.04 Property   1 73 Oser Avenue                    
16.05 Property   1 135 Fell Court                     
17 Loan 33, 37, 38 1 1042 President Street Springing Springing Yes No No NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments Springing Springing Yes No No NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio Soft Springing Yes No Yes No 20,000,000 38,000,000 199,381.25 304,318.75
19.01 Property   1 Prime Storage - Union City                    
19.02 Property   1 Prime Storage - Jersey City                    
19.03 Property   1 Prime Storage - Newark                    
19.04 Property   1 Prime Storage - Hoboken                    
19.05 Property   1 Prime Storage - Garfield                    
20 Loan 18, 29 1 419 Lafayette Street Hard Springing Yes Yes No NAP NAP NAP NAP NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga Hard Springing Yes No No NAP NAP NAP NAP NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Hard Springing Yes Yes Yes No 12,460,000 70,000,000 467,943.51 551,237.46
23 Loan   1 Exchange Plaza Springing Springing Yes Yes No NAP NAP NAP NAP NAP
24 Loan 27, 37 1 Tesla - Lake Elmo Hard Springing Yes Yes No NAP NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing Soft Springing Yes No No NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio Hard Springing Yes No Yes No 10,650,000 226,350,000 1,098,510.08 1,150,196.11
26.01 Property   1 FCA USA - Detroit, MI                    
26.02 Property   1 Grupo Antolin - Shelby Township, MI                    
26.03 Property   1 Follett School - McHenry, IL                    
26.04 Property   1 Shaw Aero - Naples, FL                    
26.05 Property   1 Kuka - Sterling Heights, MI                    
26.06 Property   1 ZF Active Safety - Findlay, OH                    
26.07 Property   1 CF Sauer - 184 Suburban                    
26.08 Property   1 CF Sauer - 728 N Main St.                    
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA                    
26.10 Property   1 Hannibal - Houston, TX                    
26.11 Property   1 FedEx IV - Lexington, KY                    
26.12 Property   1 VersaFlex - Kansas City, KS                    

 

 A-1-33 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Lockbox Type Cash Management Excess Cash Trap Triggered by DSCR and/or Debt Yield Test (Y/N)  Tenant Specific Excess Cash Trap Trigger (Y/N)  Pari Passu (Y/N) Pari Passu in Trust Controlling (Y/N) Trust Pari Passu Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Cut-off Date Balance ($) Non-Trust Pari Passu Companion Loan Monthly Debt Service ($) Total Trust and Non-Trust Pari Passu Companion Loan Monthly Debt Service ($)
          16 17                
26.13 Property   1 Cott Beverage Inc - Sikeston, MO                    
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD                    
26.15 Property   1 CSTK - St. Louis, MO                    
26.16 Property   1 CF Sauer - 39 S Park Dr.                    
26.17 Property   1 AM Castle - Wichita, KS                    
26.18 Property   1 CF Sauer - 9 Old Mill Road                    
26.19 Property   1 CF Sauer - 2447 Eunice Avenue                    
26.20 Property   1 CF Sauer - 513 West Butler Road                    
27 Loan 18 1 Madison on Mercer Springing Springing Yes No No NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza Springing Springing Yes Yes No NAP NAP NAP NAP NAP
29 Loan 37, 38 1 536 East 183rd Street Springing Springing Yes No No NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue Springing Springing Yes No No NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens Springing Springing Yes No No NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street Springing Springing Yes No No NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio Hard Springing Yes Yes No NAP NAP NAP NAP NAP
33.01 Property   1 371 Broadway                    
33.02 Property   1 1776 2nd Avenue                    
34 Loan   1 Durst CVS Columbus Hard Springing Yes Yes No NAP NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes Springing Springing Yes No No NAP NAP NAP NAP NAP

 

 A-1-34 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%)
                    4            
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue NAP NAP 300,000,000 1,978,707.20 41.7% 2.04 18.7% 100,000,000 11.50000% 400,000,000 3,088,423.66 55.6%
2 Loan 18, 25, 28, 38 1 City Creek Center NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
3 Loan 9, 10, 18 1 Showcase I NAP NAP 169,500,000 910,827.08 67.8% 1.30 8.5% NAP NAP NAP NAP NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio NAP NAP 75,000,000 404,605.03 54.3% 1.58 11.3% NAP NAP NAP NAP NAP
6.01 Property   1 Trio on Fort Street                        
6.02 Property   1 28 Grand Apartments                        
6.03 Property   1 Madison Building                        
6.04 Property   1 1274 Library Street                        
6.05 Property   1 The Ferguson Apartments                        
6.06 Property   1 Lofts of Merchant Row                        
6.07 Property   1 620 and 630 Woodward Avenue                        
6.08 Property   1 The Globe Building                        
6.09 Property   1 1500 Woodward Avenue                        
6.10 Property   1 Fourteen56 Apartments                        
7 Loan 10, 12, 18 1 University Pointe NAP NAP 85,850,000 485,986.52 54.5% 1.73 11.9% NAP NAP NAP NAP NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
10 Loan 9, 10, 19, 20 1 488 Madison NAP NAP 100,000,000 581,465.28 45.5% 1.94 15.6% NAP NAP NAP NAP NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons NAP NAP 65,800,000 432,528.38 59.6% 1.49 12.9% NAP NAP NAP NAP NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 NAP NAP 86,100,000 467,032.71 69.6% 1.23 8.1% NAP NAP NAP NAP NAP
12.01 Property   1 Lotus 315                        
12.02 Property   1 Essence 144                        
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
13.01 Property   1 Courtyard Marriott                        
13.02 Property   1 TownePlace Suites                        
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
14.01 Property   1 2001 Orville Drive North                        
14.02 Property   1 90 Plant Avenue                        
14.03 Property   1 740 Old Willets Path                        
14.04 Property   1 180 Orville Drive                        
14.05 Property   1 104 Parkway Drive South                        
14.06 Property   1 85 Adams Avenue                        
14.07 Property   1 225 Oser Avenue                        
14.08 Property   1 611 Old Willets Path                        
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAP NAP 90,000,000 582,707.29 45.0% 1.71 13.4% NAP NAP NAP NAP NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
16.01 Property   1 1101 Lakeland Avenue                        
16.02 Property   1 20 Oser Avenue                        
16.03 Property   1 185 Oser Avenue                        
16.04 Property   1 73 Oser Avenue                        
16.05 Property   1 135 Fell Court                         
17 Loan 33, 37, 38 1 1042 President Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio NAP NAP 58,000,000 304,318.75 63.6% 1.44 9.1% NAP NAP NAP NAP NAP
19.01 Property   1 Prime Storage - Union City                        
19.02 Property   1 Prime Storage - Jersey City                        
19.03 Property   1 Prime Storage - Newark                        
19.04 Property   1 Prime Storage - Hoboken                        
19.05 Property   1 Prime Storage - Garfield                        
20 Loan 18, 29 1 419 Lafayette Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum NAP NAP 82,460,000 551,237.46 67.6% 1.37 11.3% NAP NAP NAP NAP NAP
23 Loan   1 Exchange Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
24 Loan 27, 37 1 Tesla - Lake Elmo NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio NAP NAP 237,000,000 1,150,196.11 53.8% 2.12 12.6% NAP NAP NAP NAP NAP
26.01 Property   1 FCA USA - Detroit, MI                        
26.02 Property   1 Grupo Antolin - Shelby Township, MI                        
26.03 Property   1 Follett School - McHenry, IL                        
26.04 Property   1 Shaw Aero - Naples, FL                        
26.05 Property   1 Kuka - Sterling Heights, MI                        
26.06 Property   1 ZF Active Safety - Findlay, OH                        
26.07 Property   1 CF Sauer - 184 Suburban                        
26.08 Property   1 CF Sauer - 728 N Main St.                        
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA                        
26.10 Property   1 Hannibal - Houston, TX                        
26.11 Property   1 FedEx IV - Lexington, KY                        
26.12 Property   1 VersaFlex - Kansas City, KS                        

 

 A-1-35 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Subordinate Companion Loan Cut-off Date Balance ($) Subordinate Companion Loan Interest Rate Whole Loan Cut-off Date Balance ($) Whole Loan Monthly Debt Service ($) Whole Loan Cut-off Date LTV Ratio (%) Whole Loan Underwritten NCF DSCR (x) Whole Loan Underwritten NOI Debt Yield (%) Mezzanine Debt Cut-off Date Balance($) Mezzanine Debt Interest Rate (%) Total Debt Cut-off Date Balance ($) Total Debt Monthly Debt Service ($) Total Debt Cut-off Date LTV Ratio (%)
                    4            
26.13 Property   1 Cott Beverage Inc - Sikeston, MO                        
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD                        
26.15 Property   1 CSTK - St. Louis, MO                        
26.16 Property   1 CF Sauer - 39 S Park Dr.                        
26.17 Property   1 AM Castle - Wichita, KS                        
26.18 Property   1 CF Sauer - 9 Old Mill Road                        
26.19 Property   1 CF Sauer - 2447 Eunice Avenue                        
26.20 Property   1 CF Sauer - 513 West Butler Road                        
27 Loan 18 1 Madison on Mercer NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
29 Loan 37, 38 1 536 East 183rd Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
33.01 Property   1 371 Broadway                        
33.02 Property   1 1776 2nd Avenue                        
34 Loan   1 Durst CVS Columbus NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP NAP

 

 A-1-36 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
          4      
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 1.31 14.0% No NAP
2 Loan 18, 25, 28, 38 1 City Creek Center NAP NAP No NAP
3 Loan 9, 10, 18 1 Showcase I NAP NAP No NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills NAP NAP No NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop NAP NAP No NAP
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio NAP NAP No NAP
6.01 Property   1 Trio on Fort Street        
6.02 Property   1 28 Grand Apartments        
6.03 Property   1 Madison Building        
6.04 Property   1 1274 Library Street        
6.05 Property   1 The Ferguson Apartments        
6.06 Property   1 Lofts of Merchant Row        
6.07 Property   1 620 and 630 Woodward Avenue        
6.08 Property   1 The Globe Building        
6.09 Property   1 1500 Woodward Avenue        
6.10 Property   1 Fourteen56 Apartments        
7 Loan 10, 12, 18 1 University Pointe NAP NAP No NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP No NAP
9 Loan 18, 23, 29, 36 1 The Light Building NAP NAP No NAP
10 Loan 9, 10, 19, 20 1 488 Madison NAP NAP No NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons NAP NAP No NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 NAP NAP No NAP
12.01 Property   1 Lotus 315        
12.02 Property   1 Essence 144        
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio NAP NAP No NAP
13.01 Property   1 Courtyard Marriott        
13.02 Property   1 TownePlace Suites        
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B NAP NAP Yes Mezzanine (Combined DSCR equal to or greater than the DSCR as of the Closing Date; Combined LTV equal to or less than the LTV as of the Closing Date; Combined
DY equal to or greater than the DY as of the Closing Date; Intercreditor Agreement is required)
14.01 Property   1 2001 Orville Drive North        
14.02 Property   1 90 Plant Avenue        
14.03 Property   1 740 Old Willets Path        
14.04 Property   1 180 Orville Drive        
14.05 Property   1 104 Parkway Drive South        
14.06 Property   1 85 Adams Avenue        
14.07 Property   1 225 Oser Avenue        
14.08 Property   1 611 Old Willets Path        
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAP NAP No NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A NAP NAP Yes Mezzanine (Combined DSCR equal to or greater than the DSCR as of the Closing Date; Combined LTV equal to or less than the LTV as of the Closing Date; Combined
DY equal to or greater than the DY as of the Closing Date; Intercreditor Agreement is required)
16.01 Property   1 1101 Lakeland Avenue        
16.02 Property   1 20 Oser Avenue        
16.03 Property   1 185 Oser Avenue        
16.04 Property   1 73 Oser Avenue        
16.05 Property   1 135 Fell Court         
17 Loan 33, 37, 38 1 1042 President Street NAP NAP No NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP No NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio NAP NAP No NAP
19.01 Property   1 Prime Storage - Union City        
19.02 Property   1 Prime Storage - Jersey City        
19.03 Property   1 Prime Storage - Newark        
19.04 Property   1 Prime Storage - Hoboken        
19.05 Property   1 Prime Storage - Garfield        
20 Loan 18, 29 1 419 Lafayette Street NAP NAP No NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga NAP NAP No NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum NAP NAP No NAP
23 Loan   1 Exchange Plaza NAP NAP No NAP
24 Loan 27, 37 1 Tesla - Lake Elmo NAP NAP No NAP
25 Loan 18 1 Lauretta Landing NAP NAP No NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio NAP NAP No NAP
26.01 Property   1 FCA USA - Detroit, MI        
26.02 Property   1 Grupo Antolin - Shelby Township, MI        
26.03 Property   1 Follett School - McHenry, IL        
26.04 Property   1 Shaw Aero - Naples, FL        
26.05 Property   1 Kuka - Sterling Heights, MI        
26.06 Property   1 ZF Active Safety - Findlay, OH        
26.07 Property   1 CF Sauer - 184 Suburban        
26.08 Property   1 CF Sauer - 728 N Main St.        
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA        
26.10 Property   1 Hannibal - Houston, TX        
26.11 Property   1 FedEx IV - Lexington, KY        
26.12 Property   1 VersaFlex - Kansas City, KS        

 

 A-1-37 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Total Debt Underwritten NCF DSCR (x) Total Debt Underwritten NOI Debt Yield (%) Future Additional Debt Permitted (Y/N) Future Debt Permitted Type
          4      
26.13 Property   1 Cott Beverage Inc - Sikeston, MO        
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD        
26.15 Property   1 CSTK - St. Louis, MO        
26.16 Property   1 CF Sauer - 39 S Park Dr.        
26.17 Property   1 AM Castle - Wichita, KS        
26.18 Property   1 CF Sauer - 9 Old Mill Road        
26.19 Property   1 CF Sauer - 2447 Eunice Avenue        
26.20 Property   1 CF Sauer - 513 West Butler Road        
27 Loan 18 1 Madison on Mercer NAP NAP No NAP
28 Loan 33 1 Silvernail Plaza NAP NAP No NAP
29 Loan 37, 38 1 536 East 183rd Street NAP NAP No NAP
30 Loan 37 1 302 Graham Avenue NAP NAP No NAP
31 Loan   1 Woodbury Gardens NAP NAP No NAP
32 Loan   1 49 South Clinton Street NAP NAP No NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio NAP NAP No NAP
33.01 Property   1 371 Broadway        
33.02 Property   1 1776 2nd Avenue        
34 Loan   1 Durst CVS Columbus NAP NAP No NAP
35 Loan 9 1 3533 Barnes NAP NAP No NAP

 

 A-1-38 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
               
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue Vornado Realty Trust Manhattan High Street Holdings LP No
2 Loan 18, 25, 28, 38 1 City Creek Center The Taubman Realty Group LLC The Taubman Realty Group LLC No
3 Loan 9, 10, 18 1 Showcase I Jeff Gindi and Eli Gindi Jeff Gindi and Eli Gindi No
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills Simon Property Group, L.P. Simon Property Group, L.P. No
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop Blue Glacier Fund II, L.P., 1907 Management GP, LLC and Phoenix RD Fund II LLC Blue Glacier Fund II, L.P. No
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio Daniel Gilbert Rock Backer LLC No
6.01 Property   1 Trio on Fort Street      
6.02 Property   1 28 Grand Apartments      
6.03 Property   1 Madison Building      
6.04 Property   1 1274 Library Street      
6.05 Property   1 The Ferguson Apartments      
6.06 Property   1 Lofts of Merchant Row      
6.07 Property   1 620 and 630 Woodward Avenue      
6.08 Property   1 The Globe Building      
6.09 Property   1 1500 Woodward Avenue      
6.10 Property   1 Fourteen56 Apartments      
7 Loan 10, 12, 18 1 University Pointe Robert Konig and Steven Krausman Robert Konig and Steven Krausman No
8 Loan 18, 37, 38 1 Soldier Hill Commons Paula O’Neill Paula O’Neill No
9 Loan 18, 23, 29, 36 1 The Light Building GrayStreet Light, LP Kevin Covey No
10 Loan 9, 10, 19, 20 1 488 Madison Feil Organization Jeffrey J. Feil No
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Rohit Kumar and Jayaprasad Vejendla Rohit Kumar and Jayaprasad Vejendla No
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 Syed A. Hasan and Ayesha Wahidy Syed A. Hasan and Ayesha Wahidy No
12.01 Property   1 Lotus 315      
12.02 Property   1 Essence 144      
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio John A. Danzi and John C. Tsunis John A. Danzi and John C. Tsunis No
13.01 Property   1 Courtyard Marriott      
13.02 Property   1 TownePlace Suites      
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B Mitchell Rechler and Gregg Rechler Mitchell Rechler and Gregg Rechler No
14.01 Property   1 2001 Orville Drive North      
14.02 Property   1 90 Plant Avenue      
14.03 Property   1 740 Old Willets Path      
14.04 Property   1 180 Orville Drive      
14.05 Property   1 104 Parkway Drive South      
14.06 Property   1 85 Adams Avenue      
14.07 Property   1 225 Oser Avenue      
14.08 Property   1 611 Old Willets Path      
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills A&H Acquisitions, Aurora Capital Associates LLC and Jenel Management Corp. Jack Dushey No
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A Mitchell Rechler and Gregg Rechler Mitchell Rechler and Gregg Rechler No
16.01 Property   1 1101 Lakeland Avenue      
16.02 Property   1 20 Oser Avenue      
16.03 Property   1 185 Oser Avenue      
16.04 Property   1 73 Oser Avenue      
16.05 Property   1 135 Fell Court       
17 Loan 33, 37, 38 1 1042 President Street Jacob Fulop and Shia Kohn Jacob Fulop and Shia Kohn No
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments Jordan Scharg and Douglas Elenowitz Jordan Scharg and Douglas Elenowitz No
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio Robert Moser Prime Storage Fund III, LP No
19.01 Property   1 Prime Storage - Union City      
19.02 Property   1 Prime Storage - Jersey City      
19.03 Property   1 Prime Storage - Newark      
19.04 Property   1 Prime Storage - Hoboken      
19.05 Property   1 Prime Storage - Garfield      
20 Loan 18, 29 1 419 Lafayette Street Albert Malekan Albert Malekan No
21 Loan 12, 18, 19, 29 1 3575 Cahuenga David Y. Lee David Y. Lee No
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum Sunroad Holding Corporation Sunroad Holding Corporation No
23 Loan   1 Exchange Plaza Scott Dew and Richard Pachulski Scott Dew and Richard Pachulski No
24 Loan 27, 37 1 Tesla - Lake Elmo Jeffrey A. Pori Jeffrey A. Pori Yes
25 Loan 18 1 Lauretta Landing Leland Weisband and Arthur Wrubel Leland Weisband and Arthur Wrubel No
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio Global Net Lease Operating Partnership, L.P. Global Net Lease Operating Partnership, L.P. No
26.01 Property   1 FCA USA - Detroit, MI      
26.02 Property   1 Grupo Antolin - Shelby Township, MI      
26.03 Property   1 Follett School - McHenry, IL      
26.04 Property   1 Shaw Aero - Naples, FL      
26.05 Property   1 Kuka - Sterling Heights, MI      
26.06 Property   1 ZF Active Safety - Findlay, OH      
26.07 Property   1 CF Sauer - 184 Suburban      
26.08 Property   1 CF Sauer - 728 N Main St.      
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA      
26.10 Property   1 Hannibal - Houston, TX      
26.11 Property   1 FedEx IV - Lexington, KY      
26.12 Property   1 VersaFlex - Kansas City, KS      

 

 A-1-39 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Sponsor Non-Recourse Carveout Guarantor Delaware Statutory Trust
(Y/N)
               
26.13 Property   1 Cott Beverage Inc - Sikeston, MO      
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD      
26.15 Property   1 CSTK - St. Louis, MO      
26.16 Property   1 CF Sauer - 39 S Park Dr.      
26.17 Property   1 AM Castle - Wichita, KS      
26.18 Property   1 CF Sauer - 9 Old Mill Road      
26.19 Property   1 CF Sauer - 2447 Eunice Avenue      
26.20 Property   1 CF Sauer - 513 West Butler Road      
27 Loan 18 1 Madison on Mercer Tripod Properties Arun Sriramineni, Omar Hamza, Rahul Grover, Deepak Kaushik and Arun Goel No
28 Loan 33 1 Silvernail Plaza Nicholas G. Hodge, Benjamin M. Margiotta, Richard A. Webb and Matthew V. Price Essential Growth Properties Fund II, LLC No
29 Loan 37, 38 1 536 East 183rd Street Jacob Jacobowitz Jacob Jacobowitz No
30 Loan 37 1 302 Graham Avenue Joel Schwartz and Shaindy Schwartz Joel Schwartz No
31 Loan   1 Woodbury Gardens Aaron Guttman Aaron Guttman No
32 Loan   1 49 South Clinton Street Marc Watkins Marc Watkins No
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio Mordechai I. Lipkis Mordechai I. Lipkis No
33.01 Property   1 371 Broadway      
33.02 Property   1 1776 2nd Avenue      
34 Loan   1 Durst CVS Columbus 733 Properties, Inc. 733 Properties, Inc. No
35 Loan 9 1 3533 Barnes Shimshon Grunstein Shimshon Grunstein No

 

 A-1-40 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($)
          31   7   8            
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue No Refinance No 300,000,000 106,245,190 100,000,000 0 506,245,190 501,608,063 0 1,421,115
2 Loan 18, 25, 28, 38 1 City Creek Center No Refinance No 70,000,000 246,865 0 0 70,246,865 66,329,269 0 556,341
3 Loan 9, 10, 18 1 Showcase I No Refinance No 169,500,000 4,571,072 0 0 174,071,072 151,744,918 0 7,542,613
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills No Refinance No 66,000,000 5,023,495 0 0 71,023,495 65,281,823 0 1,922,010
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop No Refinance No 65,000,000 33,996,328 0 0 98,996,328 95,122,538 0 3,176,119
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio No Refinance   75,000,000 0 0 0 75,000,000 66,050,211 0 6,044,555
6.01 Property   1 Trio on Fort Street     No                
6.02 Property   1 28 Grand Apartments     No                
6.03 Property   1 Madison Building     No                
6.04 Property   1 1274 Library Street     No                
6.05 Property   1 The Ferguson Apartments     No                
6.06 Property   1 Lofts of Merchant Row     No                
6.07 Property   1 620 and 630 Woodward Avenue     No                
6.08 Property   1 The Globe Building     No                
6.09 Property   1 1500 Woodward Avenue     No                
6.10 Property   1 Fourteen56 Apartments     No                
7 Loan 10, 12, 18 1 University Pointe No Refinance No 85,850,000 0 0 0 85,850,000 61,152,998 0 5,048,866
8 Loan 18, 37, 38 1 Soldier Hill Commons No Refinance No 46,500,000 0 0 0 46,500,000 36,715,428 0 2,023,858
9 Loan 18, 23, 29, 36 1 The Light Building No Refinance No 43,500,000 121,758 0 0 43,621,758 40,448,447 0 2,157,874
10 Loan 9, 10, 19, 20 1 488 Madison No Refinance No 100,000,000 17,264,301 0 0 117,264,301 90,076,354 0 889,966
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons Yes Acquisition No 65,800,000 40,724,498 0 0 106,524,498 0 105,300,000 1,188,858
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 No Refinance   86,100,000 0 0 0 86,100,000 78,827,137 0 4,010,102
12.01 Property   1 Lotus 315     No                
12.02 Property   1 Essence 144     No                
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio No Refinance   35,000,000 1,592,512 0 0 36,592,512 31,379,809 0 905,118
13.01 Property   1 Courtyard Marriott     No                
13.02 Property   1 TownePlace Suites     No                
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B No Refinance   31,915,000 0 0 0 31,915,000 15,315,457 0 1,190,973
14.01 Property   1 2001 Orville Drive North     No                
14.02 Property   1 90 Plant Avenue     No                
14.03 Property   1 740 Old Willets Path     No                
14.04 Property   1 180 Orville Drive     No                
14.05 Property   1 104 Parkway Drive South     No                
14.06 Property   1 85 Adams Avenue     No                
14.07 Property   1 225 Oser Avenue     No                
14.08 Property   1 611 Old Willets Path     No                
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills No Refinance No 90,000,000 0 0 0 90,000,000 32,104,252 0 1,284,193
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A No Refinance                  
16.01 Property   1 1101 Lakeland Avenue     No                
16.02 Property   1 20 Oser Avenue     No                
16.03 Property   1 185 Oser Avenue     No                
16.04 Property   1 73 Oser Avenue     No                
16.05 Property   1 135 Fell Court      No                
17 Loan 33, 37, 38 1 1042 President Street No Refinance No                
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments No Refinance No                
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio No Acquisition                  
19.01 Property   1 Prime Storage - Union City     No                
19.02 Property   1 Prime Storage - Jersey City     No                
19.03 Property   1 Prime Storage - Newark     No                
19.04 Property   1 Prime Storage - Hoboken     No                
19.05 Property   1 Prime Storage - Garfield     No                
20 Loan 18, 29 1 419 Lafayette Street No Refinance No                
21 Loan 12, 18, 19, 29 1 3575 Cahuenga No Refinance No                
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum No Refinance No                
23 Loan   1 Exchange Plaza No Refinance No                
24 Loan 27, 37 1 Tesla - Lake Elmo No Acquisition No                
25 Loan 18 1 Lauretta Landing Yes Refinance No                
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio No Refinance                  
26.01 Property   1 FCA USA - Detroit, MI     No                
26.02 Property   1 Grupo Antolin - Shelby Township, MI     No                
26.03 Property   1 Follett School - McHenry, IL     No                
26.04 Property   1 Shaw Aero - Naples, FL     No                
26.05 Property   1 Kuka - Sterling Heights, MI     No                
26.06 Property   1 ZF Active Safety - Findlay, OH     No                
26.07 Property   1 CF Sauer - 184 Suburban     No                
26.08 Property   1 CF Sauer - 728 N Main St.     No                
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA     No                
26.10 Property   1 Hannibal - Houston, TX     No                
26.11 Property   1 FedEx IV - Lexington, KY     No                
26.12 Property   1 VersaFlex - Kansas City, KS     No                

 

 A-1-41 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Tenants-in-common
(Y/N)
Loan Purpose Property Located Within a Qualified Opportunity Zone (Y/N) Sources: Loan Amount ($) Sources: Principal's New Cash Contribution ($) Sources: Subordinate Debt ($) Sources: Other Sources ($) Sources: Total Sources ($) Uses: Loan Payoff ($) Uses: Purchase Price ($) Uses: Closing Costs ($)
          31   7   8            
26.13 Property   1 Cott Beverage Inc - Sikeston, MO     No                
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD     No                
26.15 Property   1 CSTK - St. Louis, MO     No                
26.16 Property   1 CF Sauer - 39 S Park Dr.     No                
26.17 Property   1 AM Castle - Wichita, KS     No                
26.18 Property   1 CF Sauer - 9 Old Mill Road     No                
26.19 Property   1 CF Sauer - 2447 Eunice Avenue     No                
26.20 Property   1 CF Sauer - 513 West Butler Road     No                
27 Loan 18 1 Madison on Mercer No Refinance No                
28 Loan 33 1 Silvernail Plaza No Acquisition No                
29 Loan 37, 38 1 536 East 183rd Street No Refinance No                
30 Loan 37 1 302 Graham Avenue No Refinance No                
31 Loan   1 Woodbury Gardens No Refinance No                
32 Loan   1 49 South Clinton Street No Refinance No                
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio No Refinance                  
33.01 Property   1 371 Broadway     No                
33.02 Property   1 1776 2nd Avenue     No                
34 Loan   1 Durst CVS Columbus No Recapitalization No                
35 Loan 9 1 3533 Barnes No Refinance No                

 

 A-1-42 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($)
                             
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue 3,216,012 0 0 506,245,190 NAP NAP NAP NAP NAP NAP
2 Loan 18, 25, 28, 38 1 City Creek Center 3,361,256 0 0 70,246,865 NAP NAP NAP NAP NAP NAP
3 Loan 9, 10, 18 1 Showcase I 14,783,541 0 0 174,071,072 NAP NAP NAP NAP NAP NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills 3,819,662 0 0 71,023,495 NAP NAP NAP NAP NAP NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 697,671 0 0 98,996,328 9/30/2041; 11/30/2041 242.86 187.81 77.3% 242.86 187.81
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio 0 2,905,234 0 75,000,000 NAP NAP NAP NAP NAP NAP
6.01 Property   1 Trio on Fort Street         NAP NAP NAP NAP NAP NAP
6.02 Property   1 28 Grand Apartments         NAP NAP NAP NAP NAP NAP
6.03 Property   1 Madison Building         NAP NAP NAP NAP NAP NAP
6.04 Property   1 1274 Library Street         NAP NAP NAP NAP NAP NAP
6.05 Property   1 The Ferguson Apartments         NAP NAP NAP NAP NAP NAP
6.06 Property   1 Lofts of Merchant Row         NAP NAP NAP NAP NAP NAP
6.07 Property   1 620 and 630 Woodward Avenue         NAP NAP NAP NAP NAP NAP
6.08 Property   1 The Globe Building         NAP NAP NAP NAP NAP NAP
6.09 Property   1 1500 Woodward Avenue         NAP NAP NAP NAP NAP NAP
6.10 Property   1 Fourteen56 Apartments         NAP NAP NAP NAP NAP NAP
7 Loan 10, 12, 18 1 University Pointe 1,214,921 18,433,215 0 85,850,000 NAP NAP NAP NAP NAP NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons 203,343 7,557,371 0 46,500,000 NAP NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building 1,015,437 0 0 43,621,758 NAP NAP NAP NAP NAP NAP
10 Loan 9, 10, 19, 20 1 488 Madison 26,297,981 0 0 117,264,301 NAP NAP NAP NAP NAP NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons 35,640 0 0 106,524,498 NAP NAP NAP NAP NAP NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 1,379,767 1,882,994 0 86,100,000 NAP NAP NAP NAP NAP NAP
12.01 Property   1 Lotus 315         NAP NAP NAP NAP NAP NAP
12.02 Property   1 Essence 144         NAP NAP NAP NAP NAP NAP
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 4,307,585 0 0 36,592,512 Various 191.34 147.58 77.1% 191.34 147.58
13.01 Property   1 Courtyard Marriott         5/31/2027 195.87 154.46 78.9% 195.87 154.46
13.02 Property   1 TownePlace Suites         1/29/2034 186.06 139.93 75.2% 186.06 139.93
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B 426,830 14,981,739 0 31,915,000 NAP NAP NAP NAP NAP NAP
14.01 Property   1 2001 Orville Drive North         NAP NAP NAP NAP NAP NAP
14.02 Property   1 90 Plant Avenue         NAP NAP NAP NAP NAP NAP
14.03 Property   1 740 Old Willets Path         NAP NAP NAP NAP NAP NAP
14.04 Property   1 180 Orville Drive         NAP NAP NAP NAP NAP NAP
14.05 Property   1 104 Parkway Drive South         NAP NAP NAP NAP NAP NAP
14.06 Property   1 85 Adams Avenue         NAP NAP NAP NAP NAP NAP
14.07 Property   1 225 Oser Avenue         NAP NAP NAP NAP NAP NAP
14.08 Property   1 611 Old Willets Path         NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills 885,575 55,725,980 0 90,000,000 NAP NAP NAP NAP NAP NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A         NAP NAP NAP NAP NAP NAP
16.01 Property   1 1101 Lakeland Avenue         NAP NAP NAP NAP NAP NAP
16.02 Property   1 20 Oser Avenue         NAP NAP NAP NAP NAP NAP
16.03 Property   1 185 Oser Avenue         NAP NAP NAP NAP NAP NAP
16.04 Property   1 73 Oser Avenue         NAP NAP NAP NAP NAP NAP
16.05 Property   1 135 Fell Court          NAP NAP NAP NAP NAP NAP
17 Loan 33, 37, 38 1 1042 President Street         NAP NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments         NAP NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio         NAP NAP NAP NAP NAP NAP
19.01 Property   1 Prime Storage - Union City         NAP NAP NAP NAP NAP NAP
19.02 Property   1 Prime Storage - Jersey City         NAP NAP NAP NAP NAP NAP
19.03 Property   1 Prime Storage - Newark         NAP NAP NAP NAP NAP NAP
19.04 Property   1 Prime Storage - Hoboken         NAP NAP NAP NAP NAP NAP
19.05 Property   1 Prime Storage - Garfield         NAP NAP NAP NAP NAP NAP
20 Loan 18, 29 1 419 Lafayette Street         NAP NAP NAP NAP NAP NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga         NAP NAP NAP NAP NAP NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum         NAP NAP NAP NAP NAP NAP
23 Loan   1 Exchange Plaza         NAP NAP NAP NAP NAP NAP
24 Loan 27, 37 1 Tesla - Lake Elmo         NAP NAP NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing         NAP NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio         NAP NAP NAP NAP NAP NAP
26.01 Property   1 FCA USA - Detroit, MI         NAP NAP NAP NAP NAP NAP
26.02 Property   1 Grupo Antolin - Shelby Township, MI         NAP NAP NAP NAP NAP NAP
26.03 Property   1 Follett School - McHenry, IL         NAP NAP NAP NAP NAP NAP
26.04 Property   1 Shaw Aero - Naples, FL         NAP NAP NAP NAP NAP NAP
26.05 Property   1 Kuka - Sterling Heights, MI         NAP NAP NAP NAP NAP NAP
26.06 Property   1 ZF Active Safety - Findlay, OH         NAP NAP NAP NAP NAP NAP
26.07 Property   1 CF Sauer - 184 Suburban         NAP NAP NAP NAP NAP NAP
26.08 Property   1 CF Sauer - 728 N Main St.         NAP NAP NAP NAP NAP NAP
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA         NAP NAP NAP NAP NAP NAP
26.10 Property   1 Hannibal - Houston, TX         NAP NAP NAP NAP NAP NAP
26.11 Property   1 FedEx IV - Lexington, KY         NAP NAP NAP NAP NAP NAP
26.12 Property   1 VersaFlex - Kansas City, KS         NAP NAP NAP NAP NAP NAP

 

 A-1-43 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Uses: Reserves ($) Uses: Principal Equity Distribution ($) Uses: Other Uses ($) Uses: Total Uses ($) Franchise Agreement Expiration Underwritten ADR ($) Underwritten RevPAR ($) Underwritten Hotel Occupancy (%) Most Recent ADR ($) Most Recent RevPAR ($)
                             
26.13 Property   1 Cott Beverage Inc - Sikeston, MO         NAP NAP NAP NAP NAP NAP
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD         NAP NAP NAP NAP NAP NAP
26.15 Property   1 CSTK - St. Louis, MO         NAP NAP NAP NAP NAP NAP
26.16 Property   1 CF Sauer - 39 S Park Dr.         NAP NAP NAP NAP NAP NAP
26.17 Property   1 AM Castle - Wichita, KS         NAP NAP NAP NAP NAP NAP
26.18 Property   1 CF Sauer - 9 Old Mill Road         NAP NAP NAP NAP NAP NAP
26.19 Property   1 CF Sauer - 2447 Eunice Avenue         NAP NAP NAP NAP NAP NAP
26.20 Property   1 CF Sauer - 513 West Butler Road         NAP NAP NAP NAP NAP NAP
27 Loan 18 1 Madison on Mercer         NAP NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza         NAP NAP NAP NAP NAP NAP
29 Loan 37, 38 1 536 East 183rd Street         NAP NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue         NAP NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens         NAP NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street         NAP NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio         NAP NAP NAP NAP NAP NAP
33.01 Property   1 371 Broadway         NAP NAP NAP NAP NAP NAP
33.02 Property   1 1776 2nd Avenue         NAP NAP NAP NAP NAP NAP
34 Loan   1 Durst CVS Columbus         NAP NAP NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes         NAP NAP NAP NAP NAP NAP

 

 A-1-44 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                       
1 Loan 9, 10, 13, 15, 23, 26, 29, 33, 38 1 640 5th Avenue NAP NAP NAP NAP NAP NAP NAP
2 Loan 18, 25, 28, 38 1 City Creek Center NAP NAP NAP NAP NAP NAP NAP
3 Loan 9, 10, 18 1 Showcase I NAP NAP NAP NAP NAP NAP NAP
4 Loan 9, 25, 27, 38 1 Sugarloaf Mills NAP NAP NAP NAP NAP NAP NAP
5 Loan 19, 33, 38 1 Hilton Garden Inn & Canopy – Chicago Central Loop 77.3% 241.76 183.00 75.7% 240.87 142.89 59.3%
6 Loan 10, 11, 12, 16, 33, 36, 37, 38 10 Bedrock Mixed-Use Portfolio NAP NAP NAP NAP NAP NAP NAP
6.01 Property   1 Trio on Fort Street NAP NAP NAP NAP NAP NAP NAP
6.02 Property   1 28 Grand Apartments NAP NAP NAP NAP NAP NAP NAP
6.03 Property   1 Madison Building NAP NAP NAP NAP NAP NAP NAP
6.04 Property   1 1274 Library Street NAP NAP NAP NAP NAP NAP NAP
6.05 Property   1 The Ferguson Apartments NAP NAP NAP NAP NAP NAP NAP
6.06 Property   1 Lofts of Merchant Row NAP NAP NAP NAP NAP NAP NAP
6.07 Property   1 620 and 630 Woodward Avenue NAP NAP NAP NAP NAP NAP NAP
6.08 Property   1 The Globe Building NAP NAP NAP NAP NAP NAP NAP
6.09 Property   1 1500 Woodward Avenue NAP NAP NAP NAP NAP NAP NAP
6.10 Property   1 Fourteen56 Apartments NAP NAP NAP NAP NAP NAP NAP
7 Loan 10, 12, 18 1 University Pointe NAP NAP NAP NAP NAP NAP NAP
8 Loan 18, 37, 38 1 Soldier Hill Commons NAP NAP NAP NAP NAP NAP NAP
9 Loan 18, 23, 29, 36 1 The Light Building NAP NAP NAP NAP NAP NAP NAP
10 Loan 9, 10, 19, 20 1 488 Madison NAP NAP NAP NAP NAP NAP NAP
11 Loan 9, 10, 12, 18, 28, 31, 38 1 Pleasanton Corporate Commons NAP NAP NAP NAP NAP NAP NAP
12 Loan 10, 11, 12, 18, 20, 23, 24, 38 2 Lotus 315 & Essence 144 NAP NAP NAP NAP NAP NAP NAP
12.01 Property   1 Lotus 315 NAP NAP NAP NAP NAP NAP NAP
12.02 Property   1 Essence 144 NAP NAP NAP NAP NAP NAP NAP
13 Loan 11, 20, 26, 33, 35, 38 2 Farmingdale Hotel Portfolio 77.1% 190.77 144.52 75.8% 183.43 135.99 74.1%
13.01 Property   1 Courtyard Marriott 78.9% 194.94 152.18 78.1% 188.63 143.40 76.0%
13.02 Property   1 TownePlace Suites 75.2% 185.85 136.02 73.2% 177.33 127.75 72.0%
14 Loan 11, 19, 23, 29, 34, 38 8 Rechler Industrial Portfolio - B NAP NAP NAP NAP NAP NAP NAP
14.01 Property   1 2001 Orville Drive North NAP NAP NAP NAP NAP NAP NAP
14.02 Property   1 90 Plant Avenue NAP NAP NAP NAP NAP NAP NAP
14.03 Property   1 740 Old Willets Path NAP NAP NAP NAP NAP NAP NAP
14.04 Property   1 180 Orville Drive NAP NAP NAP NAP NAP NAP NAP
14.05 Property   1 104 Parkway Drive South NAP NAP NAP NAP NAP NAP NAP
14.06 Property   1 85 Adams Avenue NAP NAP NAP NAP NAP NAP NAP
14.07 Property   1 225 Oser Avenue NAP NAP NAP NAP NAP NAP NAP
14.08 Property   1 611 Old Willets Path NAP NAP NAP NAP NAP NAP NAP
15 Loan 9, 10, 26, 37 1 Saks Beverly Hills NAP NAP NAP NAP NAP NAP NAP
16 Loan 11, 18, 19, 23, 34 5 Rechler Industrial Portfolio - A NAP NAP NAP NAP NAP NAP NAP
16.01 Property   1 1101 Lakeland Avenue NAP NAP NAP NAP NAP NAP NAP
16.02 Property   1 20 Oser Avenue NAP NAP NAP NAP NAP NAP NAP
16.03 Property   1 185 Oser Avenue NAP NAP NAP NAP NAP NAP NAP
16.04 Property   1 73 Oser Avenue NAP NAP NAP NAP NAP NAP NAP
16.05 Property   1 135 Fell Court  NAP NAP NAP NAP NAP NAP NAP
17 Loan 33, 37, 38 1 1042 President Street NAP NAP NAP NAP NAP NAP NAP
18 Loan 12, 18, 25, 32, 37 1 Eleven13 Apartments NAP NAP NAP NAP NAP NAP NAP
19 Loan 10, 11, 18, 23 5 Prime Storage - Blue Portfolio NAP NAP NAP NAP NAP NAP NAP
19.01 Property   1 Prime Storage - Union City NAP NAP NAP NAP NAP NAP NAP
19.02 Property   1 Prime Storage - Jersey City NAP NAP NAP NAP NAP NAP NAP
19.03 Property   1 Prime Storage - Newark NAP NAP NAP NAP NAP NAP NAP
19.04 Property   1 Prime Storage - Hoboken NAP NAP NAP NAP NAP NAP NAP
19.05 Property   1 Prime Storage - Garfield NAP NAP NAP NAP NAP NAP NAP
20 Loan 18, 29 1 419 Lafayette Street NAP NAP NAP NAP NAP NAP NAP
21 Loan 12, 18, 19, 29 1 3575 Cahuenga NAP NAP NAP NAP NAP NAP NAP
22 Loan 10, 18, 19, 29, 33, 36, 38 1 Sunroad Centrum NAP NAP NAP NAP NAP NAP NAP
23 Loan   1 Exchange Plaza NAP NAP NAP NAP NAP NAP NAP
24 Loan 27, 37 1 Tesla - Lake Elmo NAP NAP NAP NAP NAP NAP NAP
25 Loan 18 1 Lauretta Landing NAP NAP NAP NAP NAP NAP NAP
26 Loan 9, 10, 11, 19, 20, 23, 25, 27, 29, 33, 37, 38 20 GNL Industrial Portfolio NAP NAP NAP NAP NAP NAP NAP
26.01 Property   1 FCA USA - Detroit, MI NAP NAP NAP NAP NAP NAP NAP
26.02 Property   1 Grupo Antolin - Shelby Township, MI NAP NAP NAP NAP NAP NAP NAP
26.03 Property   1 Follett School - McHenry, IL NAP NAP NAP NAP NAP NAP NAP
26.04 Property   1 Shaw Aero - Naples, FL NAP NAP NAP NAP NAP NAP NAP
26.05 Property   1 Kuka - Sterling Heights, MI NAP NAP NAP NAP NAP NAP NAP
26.06 Property   1 ZF Active Safety - Findlay, OH NAP NAP NAP NAP NAP NAP NAP
26.07 Property   1 CF Sauer - 184 Suburban NAP NAP NAP NAP NAP NAP NAP
26.08 Property   1 CF Sauer - 728 N Main St. NAP NAP NAP NAP NAP NAP NAP
26.09 Property   1 Walgreens Boot Alliance - Pittsburgh, PA NAP NAP NAP NAP NAP NAP NAP
26.10 Property   1 Hannibal - Houston, TX NAP NAP NAP NAP NAP NAP NAP
26.11 Property   1 FedEx IV - Lexington, KY NAP NAP NAP NAP NAP NAP NAP
26.12 Property   1 VersaFlex - Kansas City, KS NAP NAP NAP NAP NAP NAP NAP

 

 A-1-45 

 

Benchmark 2024-V8 - Annex A-1

Loan ID Number Loan / Property Flag Footnotes (for Loan and Property Information) # of Properties Property Name Most Recent Hotel Occupancy (%) Second Most Recent ADR ($) Second Most Recent RevPAR ($) Second Most Recent Hotel Occupancy (%) Third Most Recent ADR ($) Third Most Recent RevPAR ($) Third Most Recent Hotel Occupancy (%)
                       
26.13 Property   1 Cott Beverage Inc - Sikeston, MO NAP NAP NAP NAP NAP NAP NAP
26.14 Property   1 Dunlop Protective Footwear - Havre De Grace, MD NAP NAP NAP NAP NAP NAP NAP
26.15 Property   1 CSTK - St. Louis, MO NAP NAP NAP NAP NAP NAP NAP
26.16 Property   1 CF Sauer - 39 S Park Dr. NAP NAP NAP NAP NAP NAP NAP
26.17 Property   1 AM Castle - Wichita, KS NAP NAP NAP NAP NAP NAP NAP
26.18 Property   1 CF Sauer - 9 Old Mill Road NAP NAP NAP NAP NAP NAP NAP
26.19 Property   1 CF Sauer - 2447 Eunice Avenue NAP NAP NAP NAP NAP NAP NAP
26.20 Property   1 CF Sauer - 513 West Butler Road NAP NAP NAP NAP NAP NAP NAP
27 Loan 18 1 Madison on Mercer NAP NAP NAP NAP NAP NAP NAP
28 Loan 33 1 Silvernail Plaza NAP NAP NAP NAP NAP NAP NAP
29 Loan 37, 38 1 536 East 183rd Street NAP NAP NAP NAP NAP NAP NAP
30 Loan 37 1 302 Graham Avenue NAP NAP NAP NAP NAP NAP NAP
31 Loan   1 Woodbury Gardens NAP NAP NAP NAP NAP NAP NAP
32 Loan   1 49 South Clinton Street NAP NAP NAP NAP NAP NAP NAP
33 Loan 11, 12, 30 2 371 Broadway & 1776 2nd Avenue Portfolio NAP NAP NAP NAP NAP NAP NAP
33.01 Property   1 371 Broadway NAP NAP NAP NAP NAP NAP NAP
33.02 Property   1 1776 2nd Avenue NAP NAP NAP NAP NAP NAP NAP
34 Loan   1 Durst CVS Columbus NAP NAP NAP NAP NAP NAP NAP
35 Loan 9 1 3533 Barnes NAP NAP NAP NAP NAP NAP NAP

 

 A-1-46 

 

 

BMARK 2024-V8 Annex A-1 Footnotes

 

(1) The Administrative Fee Rate % includes the Servicing Fee Rate, the Operating Advisor Fee Rate, the Certificate Administrator/Trustee Fee Rate, the Asset Representations Reviewer Fee Rate and the CREFC® Intellectual Property Royalty License Fee Rate applicable to each Mortgage Loan.
   
(2) The Monthly Debt Service (P&I) and Annual Debt Service (P&I) ($) shown for Mortgage Loans with a partial interest-only period reflects the amount payable after the expiration of the interest-only period.
   
(3) The open period is inclusive of the Maturity Date or Anticipated Repayment Date.
   
(4) Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Whole Loan Underwritten NCF DSCR (x) and Total Debt Underwritten NCF DSCR (x) is calculated based on amortizing debt service payments (except for interest-only loans).
   
(5) Leased Occupancy (%) reflects tenants that have signed leases, but are not yet in occupancy or may not be paying rent.
   
(6) The lease expirations shown are based on full lease terms; however, in some instances, the tenant may have the option to terminate its lease prior to the expiration date shown. In addition, in some instances, a tenant may have the right to assign its lease or sublease the leased premises and be released from its obligations under the lease.
   
(7) Property Located Within a Qualified Opportunity Zone (Y/N) reflects Mortgaged Properties that are located in qualified opportunity zones ("QOZs") under Internal Revenue Code § 1400Z-2 - Notice 2018-48 and Notice 2019-42. According to the Internal Revenue Service, (1) a QOZ is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment, and (2) localities qualify as QOZs if they have been nominated for that designation by a state, the District of Columbia, or a U.S. territory and that nomination has been certified by the Secretary of the Treasury via his delegation of authority to the Internal Revenue Service. No representation is made as to whether any Mortgaged Properties located in QOZs or the related borrowers are eligible for such preferential tax treatment or whether any qualifying investment has been made in a QOZ.
   
(8) If the purpose of the Mortgage Loan was to finance an acquisition of the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash investment by one or more of the equity owners in the borrower in connection with such acquisition. If the purpose of the Mortgage Loan was to refinance the Mortgaged Property, the field "Sources: Principal's New Cash Contribution ($)" reflects the cash contributed to the borrower by one or more of the equity owners at the time the Mortgage Loan was originated.
   
(9)

GACC—German American Capital Corporation or one of its affiliates; BMO—Bank of Montreal or one of its affiliates; CREFI—Citi Real Estate Funding Inc. or one of its affiliates; GSMC—Goldman Sachs Mortgage Company or one of its affiliates; Barclays—Barclays Capital Real Estate Inc. or one of its affiliates.

 

With respect to Loan No. 1, 640 5th Avenue, the mortgage loan is part of a whole loan that was co-originated by Goldman Sachs Bank USA, Bank of Montreal and Morgan Stanley Bank, N.A.

 

With respect to Loan No. 3, Showcase I, the Mortgage Loan is part of a whole loan that was co-originated by JPMorgan Chase Bank, National Association and CREFI.

 

With respect to Loan No. 4, Sugarloaf Mills, the Mortgage Loan was co-originated by GACC and Barclays.

 

With respect to Loan No. 10, 488 Madison Avenue, the Mortgage Loan is part of a Whole Loan that was co-originated by Morgan Stanley Bank, National Association and GACC.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, the Mortgage Loan is part of a whole loan that was co-originated by Bank of America, N.A. and CREFI.

 

With respect to Loan No. 15, Saks Beverly Hills, the Mortgage Loan is part of a whole loan that was co-originated by JPMorgan Chase Bank, National Association and CREFI.

 A-1-47 

 

With respect to Loan No. 26, GNL Industrial Portfolio, the mortgage loan is part of a whole loan that was co-originated by BMO, Barclays, Societe Generale Financial Corporation and KeyBank National Association.

 

With respect to Loan No. 35, 3533 Barnes, the Mortgage Loan was originated by Ice Lender Holdings LLC, an unaffiliated third-party, and was purchased by GACC prior to the Closing Date.

   
(10)

With respect to the pari passu loans referenced below, the Underwritten NOI DSCR (x), Underwritten NCF DSCR (x), Cut-off Date LTV Ratio (%), LTV Ratio at Maturity / ARD (%), Underwritten NOI Debt Yield (%), Underwritten NCF Debt Yield (%), and Loan Per Unit ($) are calculated based on the Mortgage Loan included in the issuing entity and the related pari passu companion loans in the aggregate and exclude any mezzanine debt and, in the case of any loans structured with A/B Notes, the secured subordinate debt. For additional information see the table titled “Whole Loan Control Notes and Non–Control Notes” under “Description of the Mortgage Pool—The Whole Loans—General” in this Preliminary Prospectus.

 

● Loan No. 1 – 640 5th Avenue

● Loan No. 3 – Showcase I

● Loan No. 6 – Bedrock Mixed-Use Portfolio

● Loan No. 7 – University Pointe

● Loan No. 10 – 488 Madison

● Loan No. 11 – Pleasanton Corporate Commons

● Loan No. 12 – Lotus 315 & Essence 144

● Loan No. 15 – Saks Beverly Hills

● Loan No. 19 – Prime Storage - Blue Portfolio

● Loan No. 22 – Sunroad Spectrum

● Loan No. 26 – GNL Industrial Portfolio

   
(11)

With respect to any Mortgaged Property securing a multi–property Mortgage Loan, the amounts listed under the headings “Original Balance ($)” and “Cut–off Date Balance ($)” reflect the Allocated Loan Amount related to such Mortgaged Property.

 

● Loan No. 6 – Bedrock Mixed-Use Portfolio

● Loan No. 12 – Lotus 315 & Essence 144

● Loan No. 13 – Farmingdale Hotel Portfolio

● Loan No. 14 – Rechler Industrial Portfolio - B

● Loan No. 16 – Rechler Industrial Portfolio - A

● Loan No. 19 – Prime Storage - Blue Portfolio

● Loan No. 26 – GNL Industrial Portfolio

● Loan No. 33 – 371 Broadway & 1776 2nd Avenue Portfolio

   
(12)

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the mortgaged properties are mixed-use properties totaling 853,067 square feet across 10 properties. The industrial portion of the mortgaged properties consists of 563,782 square feet (66.1% of total commercial square feet) and is 86.1% leased as of May 20, 2024. The office portion of the mortgaged properties consists of 170,576 square feet (20.0% of total commercial square feet) and is 80.4% leased as of May 20, 2024. The retail portion of the mortgaged properties consists of 117,106 square feet (13.7% of total commercial square feet) and is 72.4% leased as of May 20, 2024. The storage portion of the mortgaged properties consists of 1,603 square feet (0.2% of total commercial square feet) and is 38.4% leased. The three multifamily buildings in the portfolio include 30,152 commercial square feet that is 26.7% leased as of May 20, 2024, and 194 units that are 87.6% leased as of May 20, 2024.

 

With respect to Loan No. 7, University Pointe, the mortgaged property consists of 877 beds equating to 250 units with 30,943 square feet of ground floor retail. The student housing portion of the mortgaged property is 98.1% occupied as of April 4, 2024 and the retail portion of the mortgaged property is 84.2% occupied as of February 13, 2024. The residential income accounts for 94.1% of total EGI with the commercial income accounting for the remaining 5.9%.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, the mortgaged property consists of two mixed use office and lab buildings comprising 295,306 square feet. The 6210 Stoneridge Mall Road building contains 145,155 square feet of space which consists of 54% lab and 46% office space. The 6230 Stoneridge Mall Road building contains 150,151 square feet of space which consists of 39% lab and 61% office.

 

 A-1-48 

 

With respect to Loan No. 12, Lotus 315 & Essence 144, the Lotus 315 mortgaged property consists of 180 residential units, 16,200 square feet of ground floor retail space and 10,907 square feet of self storage space across 160 units. The residential income accounts for 89.4% of the Lotus 315 mortgaged property total EGI with the commercial and self storage income accounting for the remaining 10.6%.

 

With respect to Loan No. 18, Eleven13 Apartments, the mortgaged property consists of 125, two-bed units of which 23 of the units are rented out on a per bed basis. The remaining five units are townhomes, consisting of two, three-bed units and three, two-bed units.

 

With respect to Loan No. 21, 3575 Cahuenga, the mortgaged property consists of a 158,886 square foot mixed use building with 137,453 square feet of office space and 21,433 square feet of retail space. Additionally, there is a parking garage at the mortgaged property, which has 377 spaces across five above ground parking levels and two sub-ground parking levels.

 

  With respect to Loan No. 33, 371 Broadway & 1776 2nd Avenue Portfolio, the mortgaged properties collectively consist of two condominium units equating to three retail spaces. The 371 Broadway property has 3,662 square feet of floor area amongst three levels, and represents 4.7866% of the interest in the common elements of the related condominium. The ground level is 2,497 square feet, and there is additional basement space of 569 square feet, and mezzanine space on the second floor of 596 square feet. The 1776 2nd Avenue property has 3,200 square feet of ground level space and will be split into two street-front retail units. The retail condominium space currently represents 2.3567% of the interest in the common elements of the related condominium.
   
(13) With respect to Loan No. 1, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment.
   
(14) The Administrative Fee Rate (%) includes the respective per annum rates applicable to the calculation of the servicing fee, any sub–servicing fee, trustee/certificate administrator fee, operating advisor fee, and CREFC® license fee with respect to each Mortgage Loan. For purposes of this annex A–1, the definition of Administrative Fee Rate as it relates to any Non–Serviced Mortgage Loan includes the related Pari Passu Loan Primary Servicing Fee Rate which includes the “primary servicing fee rate” (as defined or set forth in the applicable pooling and servicing agreement) and any other related servicing or any sub–servicing fee rate (other than those payable to the applicable special servicer) applicable to such Non–Serviced Mortgage Loan that constitutes a portion of the “servicing fee rate” applicable to the other master servicer under the applicable other pooling and servicing agreement. See the table titled “Non–Serviced Whole Loans” under “Summary of Terms—Offered Certificates—Servicing and Administration Fees” in this Prospectus.
   
(15)

Annual Debt Service (IO) ($), Annual Debt Service (P&I) ($), Monthly Debt Service (IO) ($), Monthly Debt Service (P&I) ($), Underwritten NOI DSCR (x) and Underwritten NCF DSCR (x) for Mortgage Loans (i) with partial interest only periods are shown based on the monthly debt service payment immediately following the expiration of the interest only period and (ii) that are interest only until the related maturity date are shown based on the interest only payments during the 12-month period following the Cut-off Date (or, in the case of Monthly Debt Service (IO) ($), the average of such interest only payments) without regard to leap year adjustments.

 

With respect to Loan No. 1, 640 5th Avenue, the 640 5th Avenue Whole Loan and the 640 5th Avenue Mezzanine Loan each have fixed amortization for their entire 60-month loan terms. With respect to the 640 5th Avenue Whole Loan, the borrower is required to make payments on each monthly payment date, as follows: (x) principal in the amount of $437,500 and (y) the monthly interest payment. With respect to the 640 5th Avenue Mezzanine Loan, the mezzanine borrower is required to make payments on each monthly payment date as follows: (x) principal in the amount of approximately $145,833 and (y) the monthly interest payment.

   
(16)

“Hard” generally means each tenant is required to transfer its rent directly to the lender–controlled lockbox account. However, with respect to hospitality properties, “Hard” means all credit card receipts are deposited directly into the lockbox by the card processing company and all over–the–counter cash and equivalents are required to be deposited by the property manager or borrower into the lockbox. “Soft” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is

 A-1-49 

 

required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Soft” means that upon the occurrence of a trigger event (as specified in the related Mortgage Loan Documents), the borrower is required to establish a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account. “Springing Hard” means that upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox.

“Soft Springing Hard” means the borrower has established a lockbox account that will be under lender control and the borrower or property manager is required to collect rents from the tenants and then deposit those rents into such lockbox account, but upon a trigger event (as specified in the related Mortgage Loan Documents), each tenant will be required to transfer its rent directly to a lender–controlled lockbox.

 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the commercial properties in the portfolio, including the Trio on Fort Street mortgaged property, the Madison Building mortgaged property, the 1274 Library Street mortgaged property, the Lofts of Merchant Row mortgaged property, the 620 and 630 Woodward Avenue mortgaged property, The Globe Building mortgaged property, and the 1500 Woodward Avenue mortgaged property are subject to a hard lockbox. The multifamily properties in the portfolio including the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property, and the Fourteen56 Apartments mortgaged property are subject to a springing lockbox.

   
(17) “In Place” means that related property cash flows go through a waterfall of required reserve or other payment amounts due before the lender either (i) disburses excess cash to the related borrower or (ii) retains excess cash as additional collateral for the Mortgage Loan. “Springing” means that upon the occurrence of a trigger event, as defined in the related Mortgage Loan documents, In Place cash management (as described above) will take effect, and will generally continue until all trigger events are cured (to the extent a cure is permitted under the related Mortgage Loan documents).
   

(18)

 

With respect to Loan No. 2, City Creek Center, the increase in Most Recent NOI ($) to Underwritten Net Operating Income ($) reflects increased in-place rents, commercial reimbursement revenue and grossed-up vacant rents.

 

With respect to Loan No. 3, Showcase I, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to (i) the execution of the M&M renewal lease with an effective date and rent step up in September 2025, reflected in the lender underwriting, and (ii) increased parking income per the borrower’s budget. At loan origination, $2,152,888 was reserved, representing the difference through the start of the new lease date between current rent and renewal lease rent.

 

With respect to Loan No. 7, University Pointe, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to underwritten commercial income of $920,064 and straight line rent increases of $632,484 related to the Nova Southeastern University lease.

 

With respect to Loan No. 8, Soldier Hill Commons, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to the continued lease up of the Soldier Hill Commons mortgaged property that came online in December 2023.

 

With respect to Loan No. 9, The Light Building, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to the execution of three new leases from March 2023 through July 2023 which account for $3,072,828 in underwritten base rent.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to contractual rent steps and the commencement of one new lease with 10x Genomics, Inc. in July 2023 for 31,030 square feet and $1,288,326 of underwritten base rent. In addition, expenses were reduced due to removal of the escalators and new security and landscaping contracts.

 

With respect to Loan No. 12, Lotus 315 & Essence 144, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to commercial rental income of $602,244 at the Lotus 315 property. The borrower sponsor recently executed leases with two retail tenants for $427,500 and converted another retail unit into 160 self-storage units which were 41.6% economically occupied as of June 13, 2024. The two retail tenants are not yet in occupancy and have free and or gap rent periods as follows; The tenant Sihana LLC, which accounts for 64.8% of the retail net rentable area at the Lotus 315

 A-1-50 

 

 

property, is in a 100% rent abatement period through June 30, 2024, a 50% rent abatement period beginning on July 1, 2024 and ending on September 30, 2024, and a 25% rent abatement period beginning on October 1, 2024 and ending on March 31, 2025. The tenant Bernard Jackson Art Gallery, which accounts for 35.2% of the retail net rentable area at the Lotus 315 property, is in a gap rent period through September 6, 2024.

 

With respect to Loan No. 16, Rechler Industrial Portfolio - A, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributed to the execution of two new leases in October 2023 and February 2024 which account for $783,856 in underwritten base rent.

 

With respect to Loan No. 18, Eleven13 Apartments, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to recent renovations that were finalized in April 2023, which enabled the borrower to increase gross potential rent.

 

With respect to Loan No. 19, Prime Storage - Blue Portfolio, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to decreases in personnel expenses as a result of the acquisition of the Prime Storage – Blue Portfolio properties from a local operator.

 

With respect to Loan No. 20, 419 Lafayette Street, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is primarily attributable to the execution of one new lease in February 2024 for M13 Holdings Company, LLC, the Second Largest Tenant, which represents 14.1% of underwritten base rent.

 

With respect to Loan No. 21, 3575 Cahuenga, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to newly signed leases and releasing that occurred that property in 2023.

 

With respect to Loan No. 22, Sunroad Centrum, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to a higher underwritten occupancy than the occupancy during the Most Recent NOI period. The Most Recent NOI period does not include any income from the General Services Administration tenant which is expected to take occupancy in July 2024.

 

With respect to Loan No. 25, Lauretta Landing, the increase from Most Recent NOI ($) to Underwritten Net Operating Income ($) is due to the mortgaged property (which is currently 100.0% occupied) stabilizing at the end of 2023, resulting in a higher UW NOI.

 

With respect to Loan No. 27, Madison on Mercer, the increase in Underwritten Net Operating Income ($) of more than 10% over the Most Recent NOI ($) is due to recent renovations, which enabled the borrower to increase gross potential rent.

   
(19)

The grace periods noted under “Grace Period – Late Fee (Days)” and Grace Period – Default (Days) reflect the number of days of grace before a payment default is an event of default. Certain jurisdictions impose a statutorily longer grace period. Certain of the Mortgage Loans may additionally be subject to grace periods with respect to the occurrence of an event of default (other than a payment default) and/or commencement of late charges which are not addressed in Annex A–1 to this Preliminary Prospectus.

 

With respect to Loan No. 5, Hilton Garden Inn & Canopy – Chicago Central Loop, the Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five business days is allowed during the term of the mortgage loan for the monthly payment of principal and interest.

 

With respect to Loan No. 10, 488 Madison, a Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date.

 

With respect to Loan No. 14, Rechler Industrial Portfolio – B, Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of interest once in any 12 month period.

 

With respect to Loan No. 16, Rechler Industrial Portfolio – A, Grace Period – Late Fee (Days) is zero days for the outstanding principal balance due at maturity and five days for the monthly payment of interest once in any 12 month period.

 A-1-51 

 

With respect to Loan No. 21, 3575 Cahuenga, a Grace Period - Late Fee (Days) of five days is permitted other than the payment of principal due on the maturity date.

 

With respect to Loan No. 22, Sunroad Centrum, a Grace Period - Late Fee (Days) of five days is permitted once during any 12-month period. This does not apply to principal payment at maturity.

 

With respect to Loan No. 26, GNL Industrial Portfolio, the borrowers have a five-day Grace Period - Default (Days) once per calendar year so long as the borrowers’ failure to pay debt service on the due date was not in the borrowers’ reasonable control. The grace period does not require notice to the lender and does not apply to the balloon payment.

   
(20)

In certain cases, in addition to an “as–is” value, the appraisal states an “as complete”, “as–stabilized” or “hypothetical” value for the related Mortgaged Property that assumes that certain events will occur with respect to retenanting, construction, renovation or repairs at such Mortgaged Property. The Appraised Value ($) set forth on Annex A–1 is the “as–is” value unless otherwise specified in this Preliminary Prospectus. With respect to the Mortgaged Properties that secure the Mortgage Loans listed in the following table, the Cut-off Date LTV Ratio (%) was calculated using the related “as complete”, “as–stabilized” or “hypothetical” Appraised Values, as opposed to the “as–is” Appraised Values, each as set forth in the following table:

 

Mortgage Loan

% of Initial Pool Balance

Mortgage Loan Cut-off Date LTV Ratio(Other Than “As-Is”)

Mortgage Loan LTV Ratio at Maturity (Other Than “As-Is”)

Appraised Value (Other Than “As-Is”)

Mortgage Loan Cut-off Date LTV Ratio (“As-Is”)

Mortgage Loan LTV Ratio at Maturity (“As-Is”)

Appraised Value (“As-Is”)

  488 Madison(1) 4.0% 45.5% 45.5% $220,000,000 55.6% 55.6% $180,000,000
  Lotus 315 & Essence 114(2) 3.6% 69.6% 69.6% $123,700,000 70.5% 70.5% $122,200,000
  Farmingdale Hotel Portfolio(3) 3.5% 53.0% 53.0% $66,000,000 61.4% 61.4% $57,000,000

 
  (1) The Appraised Value (Other Than "As-Is") represents the "As Is Assuming ADNY Reserves" value for the 488 Madison mortgaged property of $220,000,000 as of April 1, 2024, which assumes that the contractual obligations from the Archdiocese of New York lease (free rent, tenant improvements, leasing costs, and other capital expenditures) would be funded by a cash reserve held in escrow and that such reserved funds would be available for any potential purchase. At origination, the borrower reserved $20,353,872 for outstanding amounts for the Archdiocese of New York tenant improvement and allowances, and $2,127,815 for the Archdiocese of New York tenant leasing commissions with the lender. Additionally, the borrower provided a letter of credit to the lender in the amount of $8,462,091 for the tenant Archdiocese of New York's free rent funds and gap rent funds. The appraisal concluded to an "As-Is" appraised value of $180,000,000 as of April 1, 2024, resulting in a Cut-off Date LTV Ratio and Maturity Date LTV Ratio of 55.6%. In addition, the appraisal employs the extraordinary assumptions that the 488 Madison Property will be subdivided into condominiums and that the Archdiocese of New York unit real estate tax exemption will be granted, and that beginning March 1, 2025, the real estate taxes attributable to the Archdiocese of New York tax lot (29 528%6 of real estate taxes) will be abated. Without the tax exemption, underwritten NOI DSCR, NCF DSCR, NOI Debt Yield and NCF Debt Yield would be 1.97x, 1.67, 13.7% and 11.7%, respectively.
  (2) Appraised Value represents the aggregate appraised value of the Lotus 315 mortgaged property and the Essence 144 mortgaged property. The Appraised Value for the Lotus 315 property represents the "prospective market value upon stabilization" of $73,200,000 as of October 1, 2024 which includes value attributable to the renovated commercial units at the Lotus 315 property. The Appraised Value for the Essence 144 property represents the "as is" value of $50.500,000 as of April 23, 2024
  (3) Appraised Value represents the aggregate “as stabilized” values of the Farmingdale Hotel Portfolio mortgaged properties as of January 1, 2026 which assumes the completion of the PIP Reserve - Courtyard and TRIP Reserve - TownePlace both of which have been reserved for upfront.
     

  With respect to Loan No. 26, GNL Industrial Portfolio, the appraised value represents the aggregate of the “as-is” appraised values of the GNL Industrial Portfolio mortgaged properties, which results in a Cut-off Date LTV Ratio (%) and LTV Ratio at Maturity / ARD (%) of 53.8%. The individual appraisal valuation dates are between February 28, 2024 and March 7, 2024.
   
(21) Certain of the Mortgage Loans permit the release of a portion of a Mortgaged Property (or an individual Mortgaged Property, in connection with a portfolio Mortgage Loan) under various circumstances, as described in this Prospectus. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Prospectus. In addition, certain of the Mortgage Loans permit the borrower to prepay a portion of the Mortgage Loan to avoid or cure a cash sweep period due to a low debt yield or debt service coverage ratio trigger.
(22)

Prepayment Provisions are shown from the respective Mortgage Loan First Payment Date.

 

“L(x)” means lock–out for x payments.

 

“D(x)” means may be defeased for x payments.

 

“YM(x)” means may be prepaid for x payments with payment of a yield maintenance charge.

 

“YM1(x)” means may be prepaid for x payments with payment of the greater of a yield maintenance charge and 1% of the amount prepaid.

“DorYM1(x)” means may be prepaid for x payments with either defeasance or a yield maintenance charge or 1% of the amount prepaid.

 

“O(x)” means freely prepayable for x payments, including the maturity date.

   
 A-1-52 

 

 

(23)

With respect to Loan No. 1, 640 5th Avenue, the lockout period for prepayment of the 640 5th Avenue Whole Loan will be at least 24 months beginning with and including the first payment date on August 1, 2024; provided that partial prepayment to resize the 640 5th Avenue Whole Loan to satisfy certain debt yield requirements are permitted during the whole loan term with the payment of the applicable yield maintenance. Defeasance of the 640 5th Avenue Whole Loan, in whole (but not in part), is permitted after the date that is the earlier of (i) two years from the closing date of the securitization that includes the last note to be securitized and (ii) August 1, 2027. The assumed defeasance lockout period of 24 payments is based on the expected Benchmark 2024-V8 securitization closing date in July 2024. The actual lockout period may be longer.

 

With respect to Loan No. 9, The Light Building, the borrower may obtain the release of a portion of The Light Building mortgaged property as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

 

With respect to Loan No. 12, Lotus 315 & Essence 144, the borrowers may obtain the release of either of the individual Lotus 315 & Essence 144 properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

 

With respect to Loan No. 14, Rechler Industrial Portfolio – B, the borrower may obtain the release of any of the individual Rechler Industrial Portfolio – B properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

 

With respect to Loan No. 16, Rechler Industrial Portfolio – A, the borrowers may obtain the release of any of the Rechler Industrial Portfolio – A individual properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

 

With respect to Loan No. 19, Prime Storage - Blue Portfolio, the borrowers may obtain the release of any of the individual Prime Storage - Blue Portfolio properties as described in this Preliminary Prospectus under “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases".

 

With respect to Loan No. 26, GNL Industrial Portfolio, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), at any time after April 5, 2025, with the payment of a yield maintenance premium if such prepayment is made prior to October 6, 2028. From and after October 6, 2028, the GNL Industrial Portfolio Whole Loan may be voluntarily prepaid in whole (but not in part, other than in connection with the release of an individual property, to cure a debt yield trigger or to obtain the DSCR threshold necessary for casualty/condemnation proceeds to be made available to the borrowers), without the payment of a yield maintenance premium. The GNL Industrial Portfolio Whole Loan may be defeased in whole (but not in part, other than in connection with the release of an individual property pursuant to the GNL Industrial Portfolio Whole Loan documents) at any time after the earlier to occur of (i) April 5, 2027 and (ii) the date that is two years from the closing date of the securitization that includes the last pari passu note of the GNL Industrial Portfolio Whole Loan to be securitized. The assumed defeasance lockout period of 27 payments is based on the expected Benchmark 2024-V8 securitization closing date in July 2024. The actual lockout period may be longer.

   
(24) With respect to Loan No. 12, Lotus 315 & Essence 144, the lockout period will be at least 25 payment dates beginning with and including the first payment date in July 2024.  Defeasance of the Lotus 315 & Essence 144 whole loan in whole but not in part is permitted after the date that is earlier of (i) two years from the closing date of the securitization that includes the last note of the Lotus 315 & Essence 144 whole loan to be securitized and (ii) June 3, 2027. The assumed defeasance lockout period of 25 payments is based on the anticipated closing date of the Benchmark 2024-V8 securitization trust in July 2024. The actual lockout period may be longer.
   
(25)

Partial release in connection with a partial prepayment or partial defeasance or substitution or a free release is permitted for the following loans. See “Description of the Mortgage Pool—Certain Terms of the Mortgage Loans—Partial Releases” in this Preliminary Prospectus for the terms of the releases.

 

With respect to Loan No. 2, City Creek Center, the Mortgage Loan documents permit the borrower to obtain the release of non-income producing or vacant portions of the City Creek Center Property in connection with a transfer to third parties or affiliates of the borrower without the payment of a release price provided that, among other conditions, the borrower satisfies customary REMIC requirements.

 A-1-53 

 

With respect to Loan No. 4, Sugarloaf Mills, the Mortgage Loan documents permit the borrower to obtain the release of immaterial or non-income producing portions of the Mortgaged Property in connection with a transfer to third parties or affiliates of the borrower without the payment of a release price provided that, among other conditions, the borrower satisfies customary REMIC requirements.

With respect to Loan No. 18, Eleven13 Apartments, in order to prevent a Trigger Event from occurring as a result of Low DSCR Period, the borrower may deposit cash or an acceptable letter of credit in an amount equal to the amount that, if used to partially prepay the mortgage loan to reduce the outstanding principal balance of the Loan, would be in an amount sufficient to cure the Low DSCR Period (such amount, the “Low DSCR Cure Deposit"). The Low DSCR Cure Deposit will be held by the lender as additional collateral for the mortgage loan and may be returned to the borrower if the cure conditions described above are satisfied without giving any effect to the Low DSCR Cure Deposit.

 

With respect to Loan No. 26, GNL Industrial Portfolio, on any payment date following (a) April 5, 2025 (with payment of a yield maintenance premium) or (b) the earlier of two years following the last note to be securitized or April 5, 2027 (with a partial defeasance), the borrowers may obtain the release of any of the GNL Industrial Portfolio mortgaged properties with 15 days’ notice if the following conditions (among others) are met: (i) no event of default has occurred and is continuing; (ii) the borrowers pay all costs and provide customary documentation as described in the GNL Industrial Portfolio whole loan documents; (iii) as of the date of consummation of the partial release, (a) the debt service coverage ratio with respect to the remaining GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 2.12x (i.e., the debt service coverage ratio as of the origination date) or (b) if the released GNL Industrial Portfolio mortgaged property is an individual property, that as of the proposed partial release date for such property, and as reasonably determined by the lender, (i) is vacant and/or (ii) at which the tenant is not paying rent in violation of the applicable lease (such property, a “Distressed Property”), then such debt service coverage ratio with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 1.80x; (iv) as of the date of consummation of the partial release, (a) the debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties (as determined in accordance with the terms of the GNL Industrial Portfolio whole loan documents) will be no less than 12.63% (i.e., the debt yield as of the origination date) or (b) if the released property is a Distressed Property, then such debt yield with respect to the remaining individual GNL Industrial Portfolio mortgaged properties will be no less than 10.75%; (v) payment of the release amount equal to (a) 130% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property if such individual property is a Distressed Property and (b) 115% of the allocated loan amount for such individual GNL Industrial Portfolio mortgaged property for all other individual properties (including any applicable yield maintenance premium); and (vi) the satisfaction of customary REMIC requirements. If the related borrower effectuates a partial release of the CF Sauer – 9 Old Mill Road mortgaged property while the CF Sauer – 728 N Main St. mortgaged property remains subject to the lien of the security instrument, then as a condition to the partial release of the CF Sauer – 9 Old Mill Road mortgaged property, such borrower is required to enter into and record a reciprocal easement agreement that grants ingress and egress rights and easements for parking and access that provide the CF Sauer – 728 N Main St. mortgaged property with ingress, egress, parking and access comparable to that existing as of the origination date.

   
(26)

The following Mortgaged Properties consist, in whole or in part, of the related borrower’s interest in one or more ground leases, space leases, air rights leases or other similar leasehold interests:

 

With respect to Loan No. 1, 640 5th Avenue, a prior owner of the mortgaged property ground leased the mortgaged property to the owner of the property located at 650 5th Avenue (the “Air Rights Tenant”), who subleased the mortgaged property (other than other than development rights relating to the West 52nd Street building, which was retained by the Air Rights Tenant) back to such prior owner of the mortgaged property, solely for the purpose of satisfying certain zoning requirements in connection with the transfer of such development rights to the Air Rights Tenant.

 

With respect to Loan No. 13, Farmingdale Hotel Portfolio, the related mortgaged properties are both ground leased by affiliates of the borrowers from the New York State Department of Transportation, and are sub-ground leased by such affiliates (which also signed a joinder to the mortgage) to the borrowers. Each ground lease and sub-ground lease expires September 12, 2045, with two, 10-year renewal options. Each borrower in turn leases its related mortgaged property to an operating lessee owned by such borrower. See “Description of the Mortgage Pool— Fee & Leasehold Estates; Ground Leases” in the Preliminary Prospectus.

 A-1-54 

 

 

With respect to Loan No. 15, Saks Beverly Hills, the mortgaged property is ground leased by the borrower from The Rosalinde and Arthur Gilbert Foundation Trust, together with Ultimate Action LLC, BB/TB BH LLC and Virginia Blum as landlord. The ground lease expires July 31, 2088.

   
(27)

With respect to Loan No. 4, Sugarloaf Mills, an affiliate of the related borrower sponsor, Mills Enterprises, Inc., master leases approximately 7.4% of the net rentable area at the Mortgaged Property and subleases it to Medieval Times as described under “Tenant Issues—Other” in the Preliminary Prospectus.

 

With respect to Loan No. 24, Tesla - Lake Elmo, the mortgaged property is subject to a master lease between KB Lake Elmo, DST, as lessor, and KB Lake Elmo MT, LLC, as lessee.

 

With respect to Loan No. 26, GNL Industrial Portfolio, the CF Sauer - 184 Suburban, CF Sauer - 9 Old Mill Road, CF Sauer - 2447 Eunice Avenue, CF Sauer - 39 S Park Dr. and CF Sauer - 513 West Butler Road mortgaged properties are subject to a master lease between ARG CFSRSLB001, LLC, as lessor, and Sauer Brands, Inc., as lessee.

   
(28)

With respect to Loan No. 2, City Creek Center, the Second Largest Tenant, Gap Kids, expires on June 30, 2024 and has a one-year renewal in place.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, the sole tenant, 10x Genomics, Inc., has a lease expiration date of September 30, 2029 for 150,151 square feet at 6230 Stoneridge Mall Road and a lease expiration date of June 30, 2033 for 145,155 square feet at 6210 Stoneridge Mall Road.

   
(29)

With respect to Loan No. 1, 640 5th Avenue, the Third Largest Tenant, The Klein Group, LLC, has a two-time right to terminate its lease, effective either December 31, 2027 or December 31, 2029, subject to, among other things, providing notice to the borrower no later than one year before the effective date of each such termination right, satisfaction of certain minimum occupancy and demise requirements under the lease, no event of default has occurred and is continuing under the lease and the payment of a termination fee. Additionally, the Fifth Largest Tenant, Buchanan Ingersoll & Rooney, has a one-time right to terminate its lease, effective January 2, 2026, subject to providing notice to the borrower no later than November 8, 2024 and the payment of a termination fee.

 

With respect to Loan No. 9, The Light Building, the Largest Tenant, 90th Shadows Edge - Chenega, has the ongoing right to terminate its lease effective as of February 28, 2025 or February 28, 2026 upon one month’s prior written notice to the borrower.

 

With respect to Loan No. 9, The Light Building, the Second Largest Tenant, Hearst Corporation, may terminate its lease effective on May 31, 2028, with 60 days' prior notice. Hearst Corporation also has a continuing right to surrender possession of 7,250 SF of space on the third floor from and after January 1, 2025 with 180 days’ prior written notice.

 

With respect to Loan No. 9, The Light Building, the Fifth Largest Tenant, Namauu Corp dba LevelUp, has the right to terminate its lease upon the first, second and third anniversary of such tenant’s lease commencement date upon 30 days’ prior written notice to the borrower and payment of a termination fee. The tenant’s lease commenced on May 22, 2023.

 

With respect to Loan No. 14, Rechler Industrial Portfolio – B, the sole tenant, Peerless Electronics at the 85 Adams Avenue mortgaged property, has a one-time right to terminate its lease as of the last day of the 7th lease year (February 28, 2026) with 12 months prior written notice and the payment of a termination fee.

 

With respect to Loan No. 20, 419 Lafayette Street, the Largest Tenant, New York Shakespeare Festival, has the right to terminate its lease on 270 days notice and the payment of a termination fee.

 

With respect to Loan No. 20, 419 Lafayette Street, the Second Largest Tenant, M13 Holdings Company, LLC, has the right to terminate its lease effective August 2031 with nine months notice and the payment of a termination fee.

 

With respect to Loan No. 21, 3575 Cahuenga, the Second Largest Tenant, Wild Woods, Inc., has a one-time option to terminate its lease effective the last day of the 36th full month of the extended lease term upon no less than six months’ prior written notice to the landlord.

 A-1-55 

 

With respect to Loan No. 22, Sunroad Centrum, the Largest Tenant, General Services Administration, has an ongoing right to terminate its lease beginning in June 2039, which is beyond the term of the related whole loan.

 

With respect to Loan No. 22, Sunroad Centrum, the Third Largest Tenant, Employment Development Department (EDD), is a department of and is backed by the Government of California and has the right to terminate its lease at any time on or after August 31, 2027.

 

With respect to Loan No. 26, GNL Industrial Portfolio, Grupo Antolin, the sole tenant at the Grupo Antolin - Shelby Township, MI mortgaged property, has a one-time right to terminate its lease, effective as of the last day of the 138th month of the lease term, April 2029, by providing the related borrower written notice of such termination no later than the 126th month of the lease term, April 2028.

 

With respect to Loan No. 26, GNL Industrial Portfolio, ZF Active Safety, the sole tenant at the ZF Active Safety - Findlay, OH mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, September 2028, subject to providing no less than 12 months’ prior written notice to the related borrower and payment equal to the net present value of all remaining rent for the remainder of the initial lease term calculated using an interest rate of 5% concurrently with delivery of such notice.

 

With respect to Loan No. 26, GNL Industrial Portfolio, A.M. Castle & Co, the sole tenant at the AM Castle - Wichita, KS mortgaged property, has the right to terminate its lease, effective as of the last day of the 120th month of the lease term, October 2024, subject to providing no less than 180 days’ prior written notice to the related borrower and payment of a termination fee.

   
(30)

Tenants under certain leases included in the Underwritten Net Cash Flow, Underwritten NOI and/or Occupancy may not be in physical occupancy, may not have begun paying rent or may be in negotiation. With respect to the largest 15 Mortgage Loans and certain tenants representing more than 25% of the net rentable area of a Mortgaged Property, see “Description of the Mortgage Pool—Tenant Issues—Lease Expirations and Terminations—Other” in this Preliminary Prospectus.

 

The tenants–shown in Annex A–1–have signed leases but may or may not be open for business as of the Cut–off Date.

 

With respect to Loan No. 33, 371 Broadway & 1776 2nd Avenue Portfolio, the sole tenant at the 371 Broadway Property, Hanwha Foundation of Culture, has executed a lease to occupy 3,662 square feet at the mortgaged property but is not yet in occupancy. Hanwha Foundation of Culture took possession of its leased premises on November 17, 2023 and the space is currently in the process of being built out. The leased premises currently operates under a temporary certificate of occupancy (“TCO”) that expires on June 23, 2024. As the TCO covers the entirety of the building, the responsibility for renewing the TCO and ultimately getting a permanent certificate of occupancy(“PCO”) is with the condominium board. Any failure of the space to have a TCO or PCO that results in the Hanwha Foundation of Culture’s inability to operate will entitle the tenant to 100% rent abatement. The rent commencement date is July 17, 2024.

   
(31)

The following Mortgage Loans have one or more borrowers that own all or a portion of the related Mortgaged Property as tenants–in–common. See “Description of the Mortgage Pool—Mortgage Pool Characteristics—– Tenancies–in–Common or Diversified Ownership” in this Preliminary Prospectus for further information.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, the borrowers own the related Mortgaged Property as tenants-in-common.

   
(32) With respect to Loan No. 18, Eleven13 Apartments, a Low DSCR Period will not commence until the calculation date ending March 31, 2025.
   
(33)

With respect to Loan No. 1, 640 5th Avenue, during a trigger period, the borrower is required to deposit into a reserve for capital expenditures, on a monthly basis, approximately $8,134 for the payment or reimbursement of approved capital expenses. Such monthly deposits will not be required during such time that the balance of the capital expense reserve exceeds approximately $195,217.

 

With respect to Loan No. 5, Hilton Garden Inn & Canopy – Chicago Central Loop, the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount

 A-1-56 

 

 

equal to the greater of (i) the FF&E Payment (as defined below) and (ii) the amount of the deposit if any then required by the franchisors on account of furniture, fixtures and equipment under each franchise agreement. “FF&E Payment” means, with respect to the corresponding monthly payment date, an amount equal to (A) commencing on the origination date through and including June 6, 2025, 1/12th of 3.0%, and (B) thereafter, 1/12th of 4.0%, in each case of the greater of (x) the annual gross revenues for the hotel related operations at the Hilton Garden Inn & Canopy - Chicago Central Loop Property for the immediately preceding calendar year and (y) the projected annual gross revenues for the hotel related operations at the Hilton Garden Inn & Canopy – Chicago Central Loop Property for the immediately succeeding calendar year as set forth in the then-current approved annual budget. The initial monthly FF&E Payment was determined to be approximately $65,049.

 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the borrower is required to deposit for TI/LC Reserves on a monthly basis an amount equal to the lesser of (x) $75,000 and (y) the difference between the amount then on deposit in the rollover reserve account and $3,000,000.

 

With respect to Loan No. 13, Farmingdale Hotel Portfolio, the borrowers are required to deposit into an eligible account (the “FF&E Reserve Account”) on each monthly payment date, an amount equal to the greater of (i) the FF&E Payment (as defined below) and (ii) the amount of deposit if any then required by the franchisor on account under the franchise agreement. The “FF&E Payment” means an amount equal to 1/12 of four percent (4%) of the greater of (a) the annual gross revenues for the hotel related operations at the Farmingdale Hotel Portfolio Properties for the immediately preceding calendar year as reasonably determined by the lender and (b) the projected annual gross revenues for the hotel related operations for the calendar year in which such monthly payment date occurs as set forth in the approved annual budget. The initial monthly FF&E Payment was determined to be approximately $47,376.

 

With respect to Loan No. 13, Farmingdale Hotel Portfolio, the borrowers are required to deposit into an eligible account (the “Seasonality Reserve Account”) (i) on each monthly payment date through and including the monthly payment date occurring in January, 2025, $44,030.23, (ii) starting with the monthly payment date occurring in April, 2025, on the monthly payment date occurring in April through January (inclusive) of each year, an amount equal to $24,461.24 and (iii) for the monthly payment date occurring in May, 2025 and in May of each year thereafter, the seasonality reserve monthly deposit will be increased to account for the difference, if any, between the then-current seasonality reserve monthly deposit and the amount deposited on account thereof on the monthly payment date occurring in the immediately preceding month of April.

 

With respect to Loan No. 17, 1042 President Street, at origination, the borrower deposited $55,000 into a replacement reserve and will make monthly deposits of $916.67 into such replacement reserve. If the amount on deposit equals or exceeds the replacement reserve cap of $55,000, then the borrower will not be required to make further deposits, unless the replacement reserve balance falls below $11,000.

 

With respect to Loan No. 22, Sunroad Centrum, on each payment date, if and to the extent the amount contained in the replacement reserve ($) account is less than $274,758, the borrower is required to deposit into the replacement reserve ($) account an amount equal to $6,869.50.

 

With respect to Loan No. 26, GNL Industrial Portfolio, during the continuance of a cash sweep period, the borrowers are required to deposit into an account for repairs and replacements, on a monthly basis, an amount equal to 1/12th of $0.15 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.15 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release.

 

With respect to Loan No. 26, GNL Industrial Portfolio, during a cash sweep period, the borrowers are required to deposit into a reserve for tenant improvements and leasing commissions, on a monthly basis, an amount equal to 1/12th of $0.25 multiplied by the total number of rentable square feet. In the event of a partial release, the monthly deposit will be reduced by an amount equal to 1/12th of the product obtained by multiplying $0.25 by the total number of rentable square feet of the individual mortgaged property that is subject of such partial release.

 

With respect to Loan No. 28, Silvernail Plaza, on a monthly basis, the borrower is required to escrow approximately $7,270 for TI/LC reserves (subject to a cap equal to $200,000).

   
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(34)

With respect to the Mortgage Loans listed in the following table, the direct and indirect equity owners of the borrower are permitted to incur future mezzanine debt, subject to the satisfaction of conditions contained in the related Mortgage Loan documents, including, among other things, a combined maximum loan-to-value ratio, a combined minimum debt service coverage ratio and/or a combined minimum debt yield, as listed in the following table and determined in accordance with the related Mortgage Loan documents:

 

Mortgage Loan Name

Mortgage Loan Cut-off Date Balance

Pari Passu Companion Loan Cut-off Date Balance

Subordinate Companion Loan Cut-off Date Balance

Combined Maximum LTV Ratio

Combined Minimum DSCR

Combined Minimum Debt Yield

Intercreditor Agreement Required

Rechler Industrial Portfolio - B $31,915,000 NAP NAP (1) (1) (1) Yes
Rechler Industrial Portfolio - A $22,835,000 NAP NAP (1) (1) (1) yes

(1) With respect to each of the Rechler Industrial Portíolio B mortgage loan and Rechier Industrial Portfolio A mortgage loan, future mezzanine financing secured by a pledge of the direct ownership interests in the borrower may be obtained subject to certain conditions, including, among others, (i) at the time of origination of such permitted mezzanine debt (x) the combined loan-to-value ratio of the total indebtedness may not exceed the loan-to-value ratio of such Mortgage Loan as of its date of origination, (y) the combined debt service coverage ratio of the mortgage loan and any permitted mezzanine debt must be at least equal to the debt service coverage ratio of such mortgage loan as of its date of origination and (z) the combined debt yield of the mortgage loan and any permitted mezzanine debt must be at least equal to the debt yield of such mortgage loan as of its date of origination.
(35) With respect to Loan No. 13, Farmingdale Hotel Portfolio, the Courtyard Marriott mortgaged property has a current franchise agreement expiration date of May 31, 2027. Upon the franchisee’s successful completion of a Property Improvement Plan (the “PIP”) to the satisfaction of the franchisor by March 28, 2025, the franchisee will have the right to extend the term of the franchise agreement to May 31, 2045, provided that the franchisee satisfies certain conditions set forth in such amendment.
   
(36)

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, 6.5% of the net rentable area across the portfolio and 22.2% of the commercial rent comes from three borrower affiliated Tenants: (1) Bedrock Management Services, which accounts for 25,783 square feet and 13.3% of the commercial base rent, (2) Detroit Venture Partners LLC, which accounts for 20,057 square feet and 5.7% of the commercial base rent, and (3) Rockbridge Growth Equity LLC, which accounts for 9,780 square feet and 3.1% of the commercial base rent.

 

With respect to Loan No. 9, The Light Building, the Fourth Largest Tenant, SCIF – GSS, is an affiliate of the borrower sponsor.

 

With respect to Loan No. 22, Sunroad Centrum, the Fifth Largest Tenant, Sunroad Asset Management, leasing approximately 9.1% of the net rentable area at the Mortgaged Property, is an affiliate of the related borrower sponsor.

   
(37)

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, historical financials prior to 2020 are not available as sponsor acquired the Trio on Fort Street mortgaged property in 2020.

 

With respect to Loan No. 8, Soldier Hill Commons, the most recent financials reflect the trailing three months annualized as of April 30, 2024 as the Soldier Hill Commons mortgaged property was not completed until December 2023.

 

With respect to Loan No. 15, Saks Beverly Hills, historical financials are unavailable due to Saks Fifth Avenue opening for business at the Saks Beverly Hills mortgaged property in February 2024.

 

With respect to Loan No. 17, 1042 President Street, historical financial information is not available because the improvements were completed in 2023.

 

With respect to Loan No. 18, Eleven13 Apartments, historical financials prior to 2022 are not available as the mortgaged property was acquired by the sponsor in November 2021.

 

With respect to Loan No. 24, Tesla - Lake Elmo, historical financial information is not available because the improvements were completed in 2024.

 

With respect to Loan No. 26, GNL Industrial Portfolio, Fourth most recent revenue is unavailable because the GNL Industrial Portfolio properties were acquired by the borrower sponsor on various dates between 2014 and 2020.

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With respect to Loan No. 29, 536 East 183rd Street historical financials are unavailable as the mortgaged property was constructed in 2023.

 

With respect to Loan No. 30, 302 Graham Avenue historical financials are unavailable as the mortgaged property was constructed in 2023.

   
(38)

With respect to Loan No. 1, 640 5th Avenue, the non-recourse carveout guarantor’s recourse obligations with respect to bankruptcy or insolvency related events is capped at 25% of the outstanding principal balance of the 640 5th Avenue Whole Loan, plus lender’s enforcement costs under the guaranty (including, reasonable attorneys’ fees). Additionally, recourse for losses relating to a transfer of the related mortgaged property or interests in the borrower is limited to voluntary transfers of all or any material portion of the such mortgaged property (or any direct or indirect interest therein) or any direct or indirect interest in the borrower that results in the borrower ceasing to be controlled, directly or indirectly, by either (i) Vornado Realty L.P., (ii) Vornado Realty Trust, (iii) Crown Jewel Partners LLC and/or (iv)(a) a person that has a net worth (exclusive of the value of the mortgaged property and any liabilities associated therewith), determined as of a date no more than six months prior to the date of the relevant transfer, of at least $400,000,000, or (b) is a person in which more than 20% of the ownership interests are owned directly or indirectly by, and is controlled by, any one or more persons described in the forgoing clause (iv)(a), in either case, in violation of the 640 5th Avenue Whole Loan documents.

 

With respect to Loan No. 1, 640 5th Avenue, the mortgaged property is subject to an Industrial and Commercial Tax Abatement (the “ICAP Tax Abatement”) that commenced on July 1, 2019 and is scheduled to end on July 1, 2029, which is set to be phased out beginning in July 2024. The ICAP Tax Abatement originally provided a 100% tax abatement of the 640 5th Avenue mortgaged property’s assessment value, which abatement amount will be reduced to 80.0% of such assessment value in July 2024, 60.0% in July 2025, 40.0% in July 2026 and 20.0% in July 2027 until termination. The total benefit from the ICAP Tax Abatement for the 2024/2025 tax year is $2,459,639.

 

With respect to Loan No. 2, City Creek Center, other expenses consists of a promotion expense, partnership expense, specialty leasing expense and other tenant services expenses.

 

With respect to Loan No. 2, City Creek Center, excluding liability for losses in connection with a Ground Lease Purchase Price Shortfall as described under “—Tenant Issues—Purchase Options and Rights of First Refusal,” in the Preliminary Prospectus for so long as one or more of The Taubman Realty Group LLC (“TRG”), Simon Property Group, L.P. (“SPG LP”), Simon Property Group, Inc. (“Simon Inc.”) or an affiliate of TRG, SPG LP or Simon Inc. is the non-recourse carveout guarantor, the non-recourse carveout guarantor’s aggregate liability is limited to 20% of the outstanding principal balance of the Mortgage Loan at such time, plus all of the reasonable out-of-pocket costs and fees and expenses (including, but not limited to, court costs and reasonable attorneys’ fees) incurred by the lender in connection with the enforcement of, or preservation of the lender’s rights under, the guaranty.

 

With respect to Loan No. 4, Sugarloaf Mills, the second largest tenant at the Mortgaged Property, Medieval Times, subleases its space (representing approximately 7.4% of the net rentable area at the Mortgaged Property) from Mills Enterprises, Inc, an affiliate of the related borrower sponsor. The term of the related sublease expires on July 31, 2026, subject to 3, 10-year renewal options (with the term of the prime lease running concurrent with the renewal options provided for in the sublease). The lender underwrote the rent due under the prime lease (which is higher than the rent due under the sublease).

 

With respect to Loan No. 4, Sugarloaf Mills, for so long as one or more of Simon Property Group, L.P. (“SPG LP”) or Simon Property Group, Inc. (“Simon Inc.”) (or an affiliate of SPG LP or Simon Inc.) is a non-recourse carveout guarantor, the nonrecourse carveout guarantor’s aggregate liability, is limited to 20% of the original principal balance of the Mortgage Loan, plus all of the reasonable out-of-pocket costs and expenses (including court costs and reasonable attorneys’ fees) incurred by the related Mortgagee in the enforcement of the related guaranty or the preservation of such Mortgagee’s rights under such guaranty.

 

With respect to Loan No. 5, Hilton Garden Inn & Canopy - Chicago Central Loop, the mortgaged property has received a Class L property tax abatement, which reduces the assessment ratio of the improvements (but not the related land) for a period of 12 years, beginning with the 2022 tax year (payable in 2023). The standard assessment ratio is 25%; pursuant to the Class L property tax abatement the assessment ratio is reduced to

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10% for the first 10 years of the abatement, 15% in year 11 and 20% in year 12. In addition, the Mortgage Loan has a historical tax credit structure as described under “Description of the Mortgage Pool—Property Types—Hospitality Properties” in this Preliminary Prospectus.

 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the overall historical occupancy and current occupancy are calculated by dividing the vacant commercial square footage over the overall commercial square footage at the Bedrock Mixed Use Portfolio mortgaged properties. The historical occupancy and current occupancy for the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property and the Fourteen56 Apartments mortgaged property reflect the multifamily occupancy.

   
 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property benefits from a Neighborhood Enterprise Zone tax abatement. The lender underwrote 2024 abated taxes of $167,593. According to the appraisal, 2024 unabated taxes would be $576,446. The appraisal estimated the net present value of the tax abatement to be $3,321,225. The tax abatement expires in 2032 and decreases pursuant to a specified formula during the last three years of the abatement.

 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the Loan Per Unit ($) represents the total loan amount divided by the 853,067 square feet of commercial space and do not include the multifamily units at the 28 Grand Apartments mortgaged property, The Ferguson Apartments mortgaged property or the Fourteen56 Apartments mortgaged property.

 

With respect to Loan No. 6, Bedrock Mixed-Use Portfolio, the 28 Grand Apartments mortgaged property and the Lofts of Merchant Row mortgaged property are subject to a condominium regime. The 28 Grand Apartments mortgaged property is part of a condominium comprised of (i) a commercial unit, (ii) an affordable unit, (iii) a market unit and (iv) a rooftop unit, and the related borrower owns all units except the affordable unit. The Lofts of Merchant Row mortgaged property is part of a condominium comprised of six units, of which the related borrower owns two units.

 

With respect to Loan No. 8, Soldier Hill Commons, the mortgaged property operates under a 30-year payment in lieu of taxes (“PILOT”) Program through the City of Paramus that commenced in December 2023.

 

With respect to Loan No. 11, Pleasanton Corporate Commons, a portion of the 2nd floor space at the 6210 building is currently subleased. A total of 16,601 square feet (5.6% of net rentable area) of the 31,030 square foot floor plate is subleased to two separate tenants. Suite 250 consists of 9,419 square feet and is currently subleased to Bright Pattern Inc. from May 1, 2023 to July 31, 2026 at a current rental rate of $27.00 per square foot. Suite 240 consists of 7,182 square feet and is currently subleased to MH SUB I, LLC from October 16, 2023 to October 31, 2026 at a current rental rate of $26.40 per square foot.

 

With respect to the Loan No. 11, Pleasanton Corporate Commons, the related appraisal provided a “Hypothetical Value As Dark” appraised value of $56,400,000, which assumes the single tenant vacates the mortgaged property. Based on such value, the Cut-off Date LTV Ratio and Maturity Date LTV Ratio would be 116.7%.

 

With respect to Loan No. 12, Lotus 315 & Essence 144, the borrowers funded at loan origination an upfront holdback reserve of $1,000,000 which may be disbursed in up to four increments upon (a) no event of default having occurred and being continuing and (b) the lender has received evidence, in form and substance reasonably satisfactory to the lender, that the unadjusted net operating income debt yield (calculated as set forth in the Lotus & Essence 144 whole loan documents and after giving effect to the release) equals or exceeds 8.15%. If the conditions to release of all the holdback reserve funds are not satisfied by the date that is 36 months after the loan origination date (which was June 3, 2024), the lender will have the right in its sole discretion to continue to hold the holdback reserve as additional collateral and the borrower will have no further right to obtain a release of such funds.

 

With respect to Loan No. 12, Lotus 315 & Essence 144, the Lotus 315 mortgaged property benefits from a 30-year payment in lieu of taxes (“PILOT”) program pursuant to a PILOT agreement between the related borrower, the City of East Orange and the State of New Jersey, which commenced in January 1, 2022 and is expected to phase out completely in 2051. Under the PILOT program, real estate taxes are paid directly to the City, and there are no affordability restrictions. The Essence 144 mortgaged property benefits from a 30-year PILOT program pursuant to a PILOT agreement between the related borrower, the City of East Orange and the State of New Jersey, which is expected to phase out completely in 2046.

 

 

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With respect to Loan No. 13, Farmingdale Hotel Portfolio, the mortgaged properties are subject to a PILOT program which is co-terminous with the related ground leases (which expire September 12, 2045) through the County of Suffolk, Town of Babylon and Farmingdale School District that commenced in December 2023.

 

With respect to Loan No. 14, Rechler Industrial Portfolio – B, the borrowers are required to pay on each monthly payment date 1/12th of an amount that would be sufficient to pay taxes except on the 2001 Orville Drive North and 85 Adams Avenue mortgaged properties whose sole tenants are responsible for paying taxes directly.

 

 

With respect to Loan 17, 1042 President Street, the borrower has applied for a 35-year 421-a (16) tax abatement program through the Affordable Independent Residences for Seniors program, which provides affordable independent residences for seniors. In connection with the 421-a (16) tax abatement, the borrower is required to, among to other things, reserve at least 30% of the units at the mortgaged property for tenants earning no more than 130% of the area median income, subject to certain rental restrictions. The 421-a (16) tax abatement is expected to provide (i) a 100% tax exemption for the first 25 years and (ii) a 33% tax exemption for years 26 through 35 with full taxes commencing at the end of the 35th applicable tax year. The 421-a (16) tax abatement is pending, and the abatement period has not yet started. The full unabated estimated taxes for the 2024/2025 tax year are approximately $403,635 compared to the underwritten abated taxes of approximately $33,544. At origination, the borrower was required to deposit $200,808 into an upfront real estate tax reserve, representing six months of unabated reassessed taxes as of 2024/2025.

 

With respect to Loan No. 22, Sunroad Centrum, Upfront Other Reserve ($) consists of approximately $6,166,026 in an unfunded obligations reserve (comprised of approximately $2,936,209 for the TI/LC portion and approximately $3,229,817 for the free rent and gap rent portion of such reserve).

 

With respect to Loan No. 26, GNL Industrial Portfolio, the sole tenant at the CF Sauer - 2447 Eunice Avenue mortgaged property, Sauer Brands, subleases the entire space to Food Transport of Florida, Inc. Underwriting for the mortgage loan was based on the lease between Sauer Brands and the related borrower.

 

With respect to Loan No. 26, GNL Industrial Portfolio, the CSTK - St. Louis, MO mortgaged property is subject to tax increment financing (“TIF”) in which the City of St. Louis, Missouri issued bonds and reimbursed the prior owner for costs expended to develop the related mortgaged property before the related borrower acquired it in 2020. The city services those bond payments through tax increment and payment in lieu of taxes (“PILOT”) payments collected from the borrower. The TIF structure does not create any additional or ongoing obligations on the part of the related borrower or the related mortgaged property (other than the PILOT payments). The related borrower is required to make PILOT payments when they become due, and the PILOT program terminates on January 30, 2037. The PILOT payments are equal to the real property taxes that would have been charged had the TIF structure not been in place. The lender underwrote the PILOT amount, which does not vary over the term.

 

With respect to Loan No. 29, 536 East 183rd Street, the borrower is in the process of applying for a 35-year 421-a tax exemption from the NYC Department of Housing Preservation & Development, which has not been approved. See “Description of the Mortgage Pool—Real Estate and Other Tax Considerations” in the Preliminary Prospectus. The appraised value includes the net present value of such 421-a exemption, which amount was estimated to be approximately $7,112,658. The 421-a tax abatement would phase out in 2058/2059. At origination of the mortgage loan, $440,732 was reserved in connection with the 421-a program.

 

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